Trading Edges That Last
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Lawrence's Comment Recap I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...READ MOREHot n Cold (USDCAD) 2011-9-15Precog Vision – Forex 2019-10-7Intraday Cycle Projection (USDCAD) 2011-05-04EURUSD Mar 29 to Apr 02 OutlookPrecog Vision – Forex 2023-5-2Intraday Cycle Projection (USDCAD) 2018-08-31AUDUSD Jun 08 to Jun 12 OutlookIntraday Cycle Projection (USDCAD) 2017-06-01Precog Vision – Forex 2022-11-17S&P 500 Dec 16 to Dec 20 Outlook
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USDCAD Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Bullish bias worked out in earlier part of the week but failed to stay above Y+1 to get to the upside target. FBO against Y+1 gave us Y-0 downside target and eventually stopped at 100% absolute range expansion. Closed the week at week low and below Y-0.
Outlook
Part of the overall mid week US dollar weakening along with other majors.
Failing to hold B-1 will send this pair down to B-2 / par level. The previous bottom at Y-1 was dirty and is asking for a retest. If a better bottom is built at Y-1 down to B-2, we can look forward for a strong rally into end of the year.
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