Trading Edges That Last
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Lawrence's Comment Recap Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high. Outlook As ...READ MORE3DP Odds Table (USDCAD) 2012-12-273DP Odds Table (USDCAD) 2015-05-22Intraday Cycle Projection (USDCAD) 2012-04-24Precog Vision – Forex 2018-9-273DP Odds Table (USDCAD) 2014-07-14Hot n Cold (USDCAD) 2015-5-15Precog Vision – Forex 2016-6-9Dow 30 Dec 27 to Dec 31 Outlook3DP Odds Table (USDCAD) 2012-05-18AUDUSD Jan 13 to Jan 17 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.
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