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 As expected, Aussie dropped below B-1. Since then it has consolidated around 50% previous week range. Closed the week below Y-1 and midpoint. Outlook Until Aussie can stage a strong reversal ...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 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...READ MOREPrecog Vision – Forex 2015-6-17AUDUSD Dec 02 to Dec 06 Outlook3DP Odds Table (USDCAD) 2015-06-093DP Odds Table (USDCAD) 2022-11-21Precog Vision – Forex 2018-6-5Intraday Cycle Projection (USDCAD) 2017-07-20Hot n Cold (USDCAD) 2019-10-43DP Odds Table (USDCAD) 2018-04-163DP Odds Table (USDCAD) 2022-09-20Dow 30 Dec 21 to Dec 25 Outlook
As Featured In
USDCAD Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Consolidation actions around Y+1 as expected. Resistance mentioned last week stopped the push higher. FBO against Y+1 sent this straight down until 100% absolute range expansion was reached. Closed the week near Y-1 and week low.
Outlook
The thin up channel was not sustainable and this sharp pullback is expected. Weekly support at 1.40. Consolidation at weekly timeframe likely, meaning that we are going to get 2-way swings for weeks to come.
Share