Trading Edges That Last
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Lawrence's Comment Recap Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal ...READ MORELawrence's Comment Recap A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...READ MORELawrence's Comment Recap Cable trapped within previous week range all week. Not even FOMC announcement can push it out of the range. Closed the week above Y-0 and midpoint. Outlook Hourly inverse ...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 MOREIntraday Cycle Projection (USDCAD) 2018-06-06GBPUSD Aug 26 to Aug 30 OutlookGBPUSD Jul 02 to Jul 06 OutlookEURUSD Jun 01 to Jun 05 OutlookHot n Cold (USDCAD) 2012-12-14USDCAD Oct 07 to Oct 11 OutlookGBPUSD Aug 01 to Aug 05 OutlookWeekly Cycle Projection (USDCAD) 2022-08-01Intraday Cycle Projection (USDCAD) 2015-07-09Precog Vision – Forex 2015-8-14
As Featured In
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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