Trading Edges That Last
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Lawrence's Comment Recap Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...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 MOREEURUSD Oct 04 to Oct 08 OutlookPrecog Vision – Forex 2014-2-11Weekly Cycle Projection (USDCAD) 2018-04-093DP Odds Table (USDCAD) 2013-10-183DP Odds Table (USDCAD) 2018-06-28Intraday Cycle Projection (USDCAD) 2011-05-10Intraday Cycle Projection (USDCAD) 2020-09-17Precog Vision – Forex 2017-2-16Dow 30 Jun 04 to Jun 08 OutlookPrecog Vision – Forex 2019-9-23
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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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