Trading Edges That Last
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Lawrence's Comment Recap Bullish target above Y+1 tagged in the beginning of the week as expected. Then the surprise part was a quick run down breaking Y-1 in one go. That ...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 Broken Y-0 right at the beginning of the week, tagged target Y-1 quickly. Bounced back to Y-0 where it acted as resistance, pointing to 50% downside expansion ...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 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 Tried very hard to form a low above the support zone mentioned last week yet failed to do so. Landing at the target zone finally resulted in extreme ...READ MOREDow 30 Jun 06 to Jun 10 OutlookIntraday Cycle Projection (USDCAD) 2014-09-05Precog Vision – Forex 2016-7-15Nasdaq 100 Mar 14 to Mar 18 OutlookIntraday Cycle Projection (USDCAD) 2022-09-02Intraday Cycle Projection (USDCAD) 2011-08-01Intraday Cycle Projection (USDCAD) 2015-08-24Precog Vision – Forex 2022-11-7Precog Vision – Forex 2016-9-20USDJPY Jul 16 to Jul 20 Outlook
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USDCAD Jan 27 to Jan 31 Outlook
Lawrence’s Comment
Cosolidated in Y-0 to Y+1 as expected. Then news shock came and a squeeze took the pair up to Y+3. Stalled from there since. Closed the week near Y+2 and above midpoint.
Outlook
As noted last week the long standing range for Loonie is 1.08 to 1.10. Clearing that and staying above has long term implication for the Canadian economy.
For now, a retest of the break out price near Y+1 is likely as the short squeeze was not as strong as it could be. Holding Y+1 to B-0 area by end of this week will point to more upside coming.
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