Trading Edges That Last
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Lawrence's Comment Recap Breakout mode tested the lower extreme and failed to clear it, gave us the real direction (up). Normal breakout target of 200% the range defined by the boundaries tagged ...READ MORELawrence's Comment Recap Aussie unfolded exactly as expected. Bounced back to Y-0 and stalled from there since. Retest of Y-1 happened at the end of the week. Closed the week at ...READ MORELawrence's Comment Recap Dropped to down channel target of below Y-2. Channel overshoot gave us a run back up to channel top above Y-1 and started a short squeeze. Yet, Dow failed ...READ MORELawrence's Comment Recap Got the retest of the bottom at Y-2. It acted as support and gave us the rally as expected. Closed the week near Y-0 and week high. Outlook More ...READ MOREFor more information about this report please refer to the Market Bias Informant page Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREIntraday Cycle Projection (USDCAD) 2015-05-19GBPUSD Jan 23 to Jan 27 OutlookUSDCAD Jan 05 to Jan 09 OutlookIntraday Cycle Projection (USDCAD) 2013-09-113DP Odds Table (USDCAD) 2012-06-12AUDUSD Oct 03 to Oct 07 OutlookDow 30 Jan 20 to Jan 24 OutlookWeekly Cycle Projection (USDCAD) 2016-11-07USDJPY Feb 29 to Mar 04 OutlookPrecog Vision – Forex 2011-4-19
As Featured In
USDCAD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint.
Outlook
As noted several weeks ago, the weekly support underneath is strong and that it is more likely we see a push towards year high for a retest. If B-0 / Y+1 zone acting as support, a run towards 1.35 and above is likely.
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