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Lawrence's Comment Recap Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed ...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 Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal ...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 MOREUSDCAD Oct 06 to Oct 10 OutlookPrecog Vision – Forex 2017-4-12Precog Vision – Forex 2021-6-2EURUSD Oct 22 to Oct 26 OutlookIntraday Cycle Projection (USDCAD) 2020-08-06Nasdaq 100 Feb 06 to Feb 10 OutlookEURUSD Apr 18 to Apr 22 OutlookNasdaq 100 Sep 18 to Sep 22 OutlookPrecog Vision – Forex 2023-3-313DP Odds Table (USDCAD) 2016-12-29
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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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