Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close. Trapped between Y+1 and Y-0. Closed the week near Y-0 and B-1. Outlook Still trapped within the same range over the past several weeks. ...READ MORELawrence's Comment Recap Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint. Outlook Consolidation ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap Strong reaction after closing year 2013 at the high. Sold off quickly after New Year until 100% absolute range expansion was reached. Stuck in that zone since. Closed the ...READ MOREWeekly Cycle Projection (USDCAD) 2013-05-13Intraday Cycle Projection (USDCAD) 2019-02-21USDCAD Jul 04 to Jul 08 OutlookIntraday Cycle Projection (USDCAD) 2018-12-25USDCAD Sep 08 to Sep 12 OutlookAUDUSD Aug 01 to Aug 05 OutlookIntraday Cycle Projection (USDCAD) 2014-10-24Precog Vision – Forex 2016-10-26S&P 500 Jan 06 to Jan 10 OutlookIntraday Cycle Projection (USDCAD) 2014-07-15
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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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