Trading Edges That Last
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Lawrence's Comment Recap Dropped to Y-1 and found support. Stopped at resistance zone mentioned last week. Closed the week below Y0 and above midpoint. Outlook Tight range consolidation while trapped between Y-0 ...READ MORELawrence's Comment Recap A bounce was expected as mentioned last week but the selloff part never happened as central banks around the world decided to interupt the normal functioning of ...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 Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3. Outlook This week due to the S&P downgrade, ...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 MORES&P 500 Jun 17 to Jun 21 Outlook3DP Odds Table (USDCAD) 2017-10-20Precog Vision – Forex 2012-11-5Intraday Cycle Projection (USDCAD) 2017-04-28AUDUSD Feb 15 to Feb 19 OutlookDow 30 Dec 05 to Dec 09 OutlookPrecog Vision – Forex 2014-7-16USDCAD Aug 08 to Aug 12 OutlookPrecog Vision – Forex 2011-5-4Intraday Cycle Projection (USDCAD) 2015-01-01
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USDCAD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
The spike high was made at Y+2 and Y+1 did not show any signs of support. That implies the other extreme is in play according to STOPD and indeed the pair sold off to Y-1 and then Y-2.
Outlook
Depending on the close of the month, there are 2 distinctly different scenarios that are more likely to happen.
Closing the month above Y-1, the pair will snap back up to B-0 as first target. and likely rally to Y+1 before it pause.
Closing the month below Y-1, range expansion to the downside will be more likely and this time it is monthly STOPD levels in play.
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