Trading Edges That Last
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Lawrence's Comment Recap As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint. Outlook No strong directional bias because loonie is so close to par level ...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 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 MOREPrecog Vision – Forex 2017-11-10Precog Vision – Forex 2023-5-2Precog Vision – Forex 2013-1-3USDCAD Jun 17 to Jun 21 Outlook3DP Odds Table (USDCAD) 2018-03-223DP Odds Table (USDCAD) 2017-10-27Weekly Cycle Projection (USDCAD) 2019-10-07Precog Vision – Forex 2022-10-26Intraday Cycle Projection (USDCAD) 2016-03-22Precog Vision – Forex 2011-8-26
As Featured In
USDCAD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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