Trading Edges That Last
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Lawrence's Comment Recap As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint. Outlook Weaknesses persisted but range has ...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 Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint. Outlook Y-0 / B+1 strong resistance ...READ MORELawrence's Comment Recap Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint. ...READ MOREPrecog Vision – Forex 2019-4-26Intraday Cycle Projection (USDCAD) 2015-07-06USDJPY Jun 29 to Jul 03 OutlookUSDCAD Aug 20 to Aug 24 OutlookPrecog Vision – Forex 2021-5-21Intraday Cycle Projection (USDCAD) 2017-09-13Intraday Cycle Projection (USDCAD) 2021-09-13EURUSD Aug 10 to Aug 14 OutlookIntraday Cycle Projection (USDCAD) 2018-05-21AUDUSD Jun 27 to Jul 01 Outlook
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USDCAD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. That points to market forces from higher timeframe is in control.
Retest of B+1 in play. Reaction at that price level will determine if this pair is entering a congestion phase.
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