Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below ...READ MORELawrence's Comment Recap Opened the week above Y+1 and staying above invalidated the potential for a drop back down to Y-0 and below. Fed announcement sent cable to Y+3 normal breakout target ...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 MOREUSDJPY Aug 20 to Aug 24 OutlookHot n Cold (USDCAD) 2020-5-8Precog Vision – Forex 2011-4-10Weekly Cycle Projection (USDCAD) 2014-03-173DP Odds Table (USDCAD) 2015-10-123DP Odds Table (USDCAD) 2015-03-12EURUSD Jul 13 to Jul 17 OutlookGBPUSD Jul 28 to Aug 01 OutlookGBPUSD Sep 23 to Sep 27 OutlookPrecog Vision – Forex 2014-7-15
As Featured In
USDCAD Jan 12 to Jan 16 Outlook
Lawrence’s Comment
Reacted to 1.18 as expected. Pullback to equal distance from Monday high and stopped dropping. Renew rally sent the pair up to 1.185 zone on 2nd try. 1.18 turned into support and another run started. Closed the week above Y+1 and midpoint.
Outlook
1.18 support points to the potential parabolic run to Y+3 or 1.20 zone. If we see break down below B-0 without a run above B+2 first, a pullback to B-2 is likely.
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