Trading Edges That Last
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Lawrence's Comment Recap Formed a top right within the expected zone as mentioned last week and got the significant pullback I was looking for. Closed the week below Y-1 and at week ...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 MORE3DP Odds Table (USDCAD) 2015-06-19Precog Vision – Forex 2012-9-173DP Odds Table (USDCAD) 2016-11-02S&P 500 Jun 19 to Jun 23 OutlookPrecog Vision – Forex 2011-8-10EURUSD Feb 11 to Feb 15 Outlook3DP Odds Table (USDCAD) 2020-09-25Intraday Cycle Projection (USDCAD) 2012-09-26Intraday Cycle Projection (USDCAD) 2018-09-18Precog Vision – Forex 2016-7-22
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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