Trading Edges That Last
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Lawrence's Comment Recap Cable attempted to hold Y-1 and failed. Consolidation below Y-1 also failed later in the week resulting in a drop until 50% range expansion completed. Closed the week below ...READ MORELawrence's Comment Recap Gapped way higher right at the start of the week. Then collapsed back down to fill the gap. NQ found support there and started a short squeeze filling the ...READ MOREIntraday Cycle Projection (USDCAD) 2016-10-07EURUSD Apr 08 to Apr 12 Outlook3DP Odds Table (USDCAD) 2016-10-11Precog Vision – Forex 2015-10-7USDJPY Nov 21 to Nov 25 OutlookPrecog Vision – Forex 2012-3-233DP Odds Table (USDCAD) 2011-06-28Hot n Cold (USDCAD) 2015-7-17GBPUSD Sep 07 to Sep 11 OutlookNasdaq 100 Sep 09 to Sep 13 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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