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Lawrence's Comment Recap The rare scenario unfolded with a w. spring at Y-1. That rejection of the previous week low points to a retest of its high. The test arrived at ...READ MORELawrence's Comment Recap Did not even push higher in the beginning of the week. Sold off slowly all the way back down to almost where the breakout started. Closed the week near ...READ MORELawrence's Comment Recap Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint. Outlook Wait and see mode as Aussie parked at the same level again. Breaking below ...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 MOREEURUSD Apr 04 to Apr 08 Outlook3DP Odds Table (USDCAD) 2022-07-13Weekly Cycle Projection (USDCAD) 2014-07-14Dow 30 Dec 26 to Dec 30 OutlookUSDCAD Feb 04 to Feb 08 OutlookAUDUSD Jan 04 to Jan 08 OutlookS&P 500 Aug 31 to Sep 04 OutlookHot n Cold (USDCAD) 2013-6-7USDCAD Apr 29 to May 03 OutlookPrecog Vision – Forex 2011-7-11
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USDCAD Feb 08 to Feb 12 Outlook
Lawrence’s Comment
Y-1 FBO led to a bounce back up to resistance below Y-0. 2nd attempt at Y-1 gave us a clean drop to below Y-2 and 100% absolute range expansion and bounced from there. Closed the week below Y-1 and above midpoint.
Outlook
Breaking down from daily support down to weekly support. Strong reaction at weekly support suggest that potential bottom building in progress on weekly level. Expect more sideway actions and resistance at Y-1 / B-0 zone. If Y-1 turning into support and B+1 is cleared, upside target B+2.
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