Trading Edges That Last
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Lawrence's Comment Recap Fall to support zone after failing to hold Y-1. Since then Y-1 turned into resistance and dropped this further down to Y-2. Closed the week near Y-2 and week ...READ MORELawrence's Comment Recap ES breakout to the upside and tagged the minimal target of Y+2. Reversed from there and failed to hold Y+1 gave us Y-0. ES did not just tag Y-0. ...READ MOREUSDCAD Aug 07 to Aug 11 Outlook3DP Odds Table (USDCAD) 2016-11-07Precog Vision – Forex 2016-5-12Intraday Cycle Projection (USDCAD) 2016-05-04Precog Vision – Forex 2021-12-283DP Odds Table (USDCAD) 2021-07-19Dow 30 Jan 15 to Jan 19 OutlookUSDCAD Mar 07 to Mar 11 OutlookIntraday Cycle Projection (USDCAD) 2015-12-22S&P 500 Feb 25 to Mar 01 Outlook
As Featured In
USDCAD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Was consolidating until BOC surprised the world with a rate cut. Surprise breakout target of 200% range expansion tagged by the end of the week. Closed the week above Y+4 and near week high.
Outlook
Canada is an exporter of natural resources and rate cut does not improve its competitiveness in those markets even though Loonie took a direct hit. Long term negative impact on economic growth will be felt in 6 months.
More upside likely this week as many shorts are trapped. 1.26 is next mild resistance zone that may put a pause to the run.
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