Trading Edges That Last
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Lawrence's Comment Recap 2-way play as expected. Y-0 resistance sent price down to near Y-1 and took off from there back up to equal distance from previous week close. Closed the week ...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 MOREPrecog Vision – Forex 2023-3-24Precog Vision – Forex 2011-11-283DP Odds Table (USDCAD) 2021-09-07EURUSD Jun 14 to Jun 18 OutlookIntraday Cycle Projection (USDCAD) 2016-02-22USDCAD Mar 09 to Mar 13 OutlookEURUSD Dec 19 to Dec 23 OutlookPrecog Vision – Forex 2016-7-183DP Odds Table (USDCAD) 2013-09-05Precog Vision – Forex 2021-6-17
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USDCAD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Y-0 acted as resistance as expected and that sent Loonie down to almost Y-2. Tight range drift after the break below Y-1 making it difficult to trade this pair at all. End of week bounce challenged Y-1 and B-0 but failed to go higher.
Outlook
B-0 acted as resistance pointing to Y-2 and B-2 in play.
Only way for Loonie to snap out of this down trend is to get a rally that take out B-0 and that B-0 turning into support.
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