Trading Edges That Last
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Lawrence's Comment Recap Last week of the year consolidation actions in tight range. Closed the week near Y-1 and week low. Outlook Can develop into 4 hour down channel with B-2 down ...READ MOREUSDCAD Apr 03 to Apr 07 OutlookNasdaq 100 Jul 25 to Jul 29 Outlook3DP Odds Table (USDCAD) 2023-05-023DP Odds Table (USDCAD) 2021-07-08USDCAD Jan 04 to Jan 08 OutlookIntraday Cycle Projection (USDCAD) 2011-11-10Intraday Cycle Projection (USDCAD) 2023-03-243DP Odds Table (USDCAD) 2017-01-12AUDUSD Dec 07 to Dec 11 OutlookIntraday Cycle Projection (USDCAD) 2016-04-01
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USDCAD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
First test of Y-1 led to pullback to Y-0. Y-0 held very well and gave us Y+2. Then euro zone news shock sending the pair all the way back to Y-1. Closed the week at week low near Y-1.
Outlook
News driven market. The stage is set to flush out the longs from the past few weeks. As long as Y-0 to B-0 acts as resistance, new low is expected for next week.
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