Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As expected, price is trapped in between. Consolidation within 50% of previous week range. Outlook If B+1 is taken out, Y+1 to B+2 will be tagged.READ MORELawrence's Comment Recap Gap down to start the week with a test of Y-1. Y-1 rejected decisively led to a run towards the resistance zone mentioned last week. Spent most of the ...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 Up trend expectation worked out from support. Y+2 normal target tagged. Closed the week above Y+1 and near week high. Outlook Brexit can cause all the majors to go ...READ MORELawrence's Comment Recap Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint. Outlook The selloff down to Y-2 is just normal reaction to the spike reversal from ...READ MOREUSDCAD Jun 13 to Jun 17 Outlook3DP Odds Table (USDCAD) 2015-09-02Weekly Cycle Projection (USDCAD) 2016-03-14Dow 30 Jul 28 to Aug 01 OutlookPrecog Vision – Forex 2017-1-16USDCAD May 30 to Jun 03 OutlookIntraday Cycle Projection (USDCAD) 2022-11-16USDJPY May 12 to May 16 Outlook3DP Odds Table (USDCAD) 2016-05-313DP Odds Table (USDCAD) 2013-04-03
As Featured In
USDCAD Dec 05 to Dec 09 Outlook
Lawrence’s Comment
Intervention shock messed up the markets worldwide. Support at Y-1 failed to hold as everyone was trying to get out of the door at the same time. A bottom is found at Y-2 and the retest dropped lower to a prior support zone. Closed the week above Y-2.
Outlook
B-0 is in play.
Since we do not know if the central banks are going to do more tricky announcements this week, it will be difficult to tell the direction of Loonie as it is closely related to gold price.
Share