Trading Edges That Last
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Recap Pushed above Y-0 yet fail to hold up. Dropped quickly to Y-1 target zone. Mid week bounce created the midpoint for the week and closed the week at Y-1 ...READ MORELawrence's Comment Recap Early part of the week was an attempt to hold the previous week low (Y-1) area. But we knew that the strong rejection at Y+1 implied the likely ...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 Cable trapped within previous week range all week. Not even FOMC announcement can push it out of the range. Closed the week above Y-0 and midpoint. Outlook Hourly inverse ...READ MOREAUDUSD May 16 to May 20 Outlook3DP Odds Table (USDCAD) 2021-03-15USDJPY Feb 07 to Feb 11 OutlookPrecog Vision – Forex 2016-7-293DP Odds Table (USDCAD) 2021-08-123DP Odds Table (USDCAD) 2023-05-02GBPUSD Aug 01 to Aug 05 OutlookUSDCAD Apr 17 to Apr 21 OutlookNasdaq 100 Feb 12 to Feb 16 OutlookHot n Cold (USDCAD) 2011-12-30
As Featured In
USDCAD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
Completely wrong on this one last week that par is in sight. Similar to its metal friend Aussie, both turned strong against dollar quickly and violently with the fiscal cliff deal in place. The target for such sudden change, Y-3, however, still worked very well as the target and support zone. Closed the week below Y-2 and near week low.
Outlook
Daily up trend not broken but close to. Can be a change in trend in the making. Like to see evidence that B-0 / Y-1 acting as resistance again before commiting to swing short for a run down to 0.96
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