Trading Edges That Last
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I promised several members to write about specific trading techniques for forex. I have not forgotten about that. I have been working on them for some time. Just some more ...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 Look at how Y-0 resistance depressing euro almost all week. End of week breakout cleared Y-0 finally. Closed the week above Y-0 and midpoint. Outlook Inside week, close above ...READ MORELawrence's Comment Recap Sold off in similar fashion like Nasdaq 100 but much more controlled. The scale of attempting to rally back to week midpoint is also stronger than Nasdaq. Outlook A ...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 MOREHot n Cold (USDCAD) 2011-11-23Weekly Cycle Projection (USDCAD) 2012-08-063DP Odds Table (USDCAD) 2016-02-01Working on Forex ArticlesPrecog Vision – Forex 2016-11-9EURUSD Nov 17 to Nov 21 Outlook3DP Odds Table (USDCAD) 2013-06-28Intraday Cycle Projection (USDCAD) 2015-09-16S&P 500 Mar 14 to Mar 18 OutlookPrecog Vision – Forex 2020-8-3
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USDCAD Jul 08 to Jul 12 Outlook
Lawrence’s Comment
Consolidated around Y+1 until late in the week where it zoomed to new high for the week. Closed the week above Y+1 and midpoint.
Outlook
If it is going to breakout to the upside, it better happen now this week. The upside target is at least 1.08.
If Loonie drifts around this zone in tight range again, it can turn into breakout failure meaning a significant pullback to B-3 is possible.
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