Trading Edges That Last
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Lawrence's Comment Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...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 MORE3DP Odds Table (USDCAD) 2012-03-23Intraday Cycle Projection (USDCAD) 2022-02-01Precog Vision – Forex 2023-5-2Precog Vision – Forex 2011-3-243DP Odds Table (USDCAD) 2011-07-14Intraday Cycle Projection (USDCAD) 2020-07-10EURUSD Sep 09 to Sep 13 OutlookHot n Cold (USDCAD) 2012-11-13Hot n Cold (USDCAD) 2019-5-10Precog Vision – Forex 2016-9-27
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USDCAD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near Y-1 and below midpoint.
Outlook
Not quite a selloff we have last week. More like stop discovery. Potential down channel in place.
Until down channel is broken, price should be trapped inside and follow the formation drifting lower.
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