Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below ...READ MORELawrence's Comment Recap No further selloff. Rallied straight up from the bottom of the established range to the top of the range in a week. Closed the week above Y+1. Outlook Outside ...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 MORE3DP Odds Table (USDCAD) 2018-05-143DP Odds Table (USDCAD) 2022-08-31Weekly Cycle Projection (USDCAD) 2011-10-17AUDUSD Sep 23 to Sep 27 OutlookIntraday Cycle Projection (USDCAD) 2013-03-013DP Odds Table (USDCAD) 2020-08-31S&P 500 Sep 19 to Sep 23 OutlookEURUSD Jan 31 to Feb 04 OutlookPrecog Vision – Forex 2016-10-6Hot n Cold (USDCAD) 2016-9-30
As Featured In
USDCAD Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Y-1 support consolidation created a breakout play. Breaking above led to a surge to measured move target above Y+1. Closed the week above Y+1 and near week high.
Outlook
2nd push higher with strong resistance above at B+1 / Y+2. Clearing Y+2 quickly will lead to a quick run to B+3.
Consolidation below resistance more likely.
Share