Trading Edges That Last
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Lawrence's Comment Recap Par level failed to hold induced a slide down to 0.99. Closed the week at the low below Y-2. Outlook Failing to hold par level means 0.98 in play ...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 MOREUSDCAD Aug 13 to Aug 17 Outlook3DP Odds Table (USDCAD) 2022-07-18Intraday Cycle Projection (USDCAD) 2016-05-04Precog Vision – Forex 2020-6-4Intraday Cycle Projection (USDCAD) 2015-12-023DP Odds Table (USDCAD) 2015-06-23Nasdaq 100 Jul 01 to Jul 05 OutlookIntraday Cycle Projection (USDCAD) 2018-02-20Intraday Cycle Projection (USDCAD) 2015-09-16EURUSD Feb 01 to Feb 05 Outlook
As Featured In
USDCAD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Popped higher right from the start of the week and tagged Y+2. This opened the doorway to go higher. Then pullback to above Y-0 forming a double bottom on 4 hour and resumed the rally. Did not tag the upside target mentioned last week though. Closed the week above Y+1 and midpoint.
Outlook
Should move above B+1 early next week. Unlike Aussie holding its ground, Loonie has been weak against dollar following the weaknesses in gold. This makes Loonie more difficult to trade going forward.
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