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 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 MORE
Content Review Euro Short Term Bulls Struggling to Hold Their Ground S&P First Break Not Necessarily Completed ...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 Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...READ MORELawrence's Comment Recap Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal ...READ MOREHot n Cold (USDCAD) 2020-5-8Precog Vision – Forex 2021-12-20Precog Vision – Forex 2016-2-1Weekly Cycle Projection (USDCAD) 2021-11-08Weekly Cycle Projection (USDCAD) 2016-11-21MBO Issue 85 (Jan 2019) 2019 The YearPrecog Vision – Forex 2018-1-5Nasdaq 100 Jul 30 to Aug 03 OutlookNasdaq 100 Apr 10 to Apr 14 OutlookUSDJPY Apr 08 to Apr 12 Outlook
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USDCAD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
As expected Loonie continues to weaken. 1.26 did not stop the run at all. Until 1.28 was touched. Closed the week at Y+2 and above midpoint.
Outlook
The weekly and monthly chart is pointing to a test or even breakout above the 1.31 year 2008 high. Given the context, shorter term signals in the opposite direction will have difficulty working out. This is similar to what happened to Euro when it started to slide last year. Once the key level on weekly and monthly give in, it is not a good idea to counter the trend until the higher timeframe objectives are met.
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