Trading Edges That Last
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Lawrence's Comment Recap 2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1. Outlook No one dare to challenge BOJ hence the choppy actions and lack ...READ MORELawrence's Comment Recap Bullish expectation is correct with Y-0 support pushing higher. 125 round number attracted selling and forced ninja back down. Closed the week below Y+1 and midpoint. Outlook It is ...READ MORELawrence's Comment Recap The rare scenario unfolded with a w. spring at Y-1. That rejection of the previous week low points to a retest of its high. The test arrived at ...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 MOREIntraday Cycle Projection (USDCAD) 2014-06-30Precog Vision – Forex 2014-5-27Hot n Cold (USDCAD) 2022-1-21Intraday Cycle Projection (USDCAD) 2022-09-12USDJPY Feb 02 to Feb 06 OutlookUSDJPY Aug 10 to Aug 14 Outlook3DP Odds Table (USDCAD) 2019-10-07EURUSD Apr 04 to Apr 08 OutlookPrecog Vision – Forex 2012-10-8Intraday Cycle Projection (USDCAD) 2011-12-12
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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