Trading Edges That Last
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Lawrence's Comment Recap The quiet pair of the majors last week. Consolidated around Y+1 / previous week close at 50% week range. Closed the week below Y+1 and midpoint. Outlook Y-0 retest likely. Tagging ...READ MORELawrence's Comment Recap Breakout mode tested the lower extreme and failed to clear it, gave us the real direction (up). Normal breakout target of 200% the range defined by the boundaries tagged ...READ MORELawrence's Comment Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high. ...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 MOREContent Review Euro Bounced from Support S&P Normal Pullback In Progress Gold in Neutral State ...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) 2021-02-16GBPUSD Oct 28 to Nov 01 OutlookDow 30 May 15 to May 19 OutlookS&P 500 Aug 15 to Aug 19 OutlookUSDCAD Jan 05 to Jan 09 OutlookEURUSD Aug 24 to Aug 28 OutlookPrecog Vision – Forex 2019-10-7MBO Issue 59 (Nov 2016) The People WhoPrecog Vision – Forex 2013-12-6Intraday Cycle Projection (USDCAD) 2014-03-13
As Featured In
USDCAD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
US dollar crushed Loonie last week. Instead of pulling back to Y-2 to Y-3 first for a proper bottom, Y-0 acted as support and forced a powerful squeeze to Y+5. Closed the week above Y+3 and midpoint.
Outlook
Squeeze type rally cannot last, retest of previous resistance area is necessary to confirm the strength. That puts Y+3 / B-0 in play. Consolidation between B-0 and Y+5 likely.
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