Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. ...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) 2022-04-01Intraday Cycle Projection (USDCAD) 2022-02-07Precog Vision – Forex 2016-8-29Intraday Cycle Projection (USDCAD) 2017-09-04EURUSD Sep 05 to Sep 09 OutlookPrecog Vision – Forex 2022-5-27Intraday Cycle Projection (USDCAD) 2021-12-21Intraday Cycle Projection (USDCAD) 2012-06-01Hot n Cold (USDCAD) 2021-9-243DP Odds Table (USDCAD) 2013-11-12
As Featured In
USDCAD Dec 19 to Dec 23 Outlook
Lawrence’s Comment
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week at Y+2.
Outlook
Breakout happened suddenly due to news shock from euro zone. Ran up a bit too fast without proper testing of Y+1 before it took off. If the pair failed to go higher than Y+3, a retest of Y+1 is in play.
Share