Trading Edges That Last
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Lawrence's Comment Recap Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint. Outlook Difficult 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 MORELawrence's Comment Recap Did not get a flush on MOnday so the bounce was also weak. News shock from various fronts sent Dow lower and eventually breaking the psychological support at 16000 ...READ MOREIntraday Cycle Projection (USDCAD) 2011-10-28AUDUSD Jun 25 to Jun 29 Outlook3DP Odds Table (USDCAD) 2012-07-033DP Odds Table (USDCAD) 2019-06-063DP Odds Table (USDCAD) 2015-04-17Hot n Cold (USDCAD) 2011-4-27Precog Vision – Forex 2020-10-2Dow 30 Feb 24 to Feb 28 OutlookPrecog Vision – Forex 2015-7-24Dow 30 Jan 18 to Jan 22 Outlook
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USDCAD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week at Y-3 and below midpoint.
Outlook
Price reactions at Y-3 suggest a bottom is near.
Will be interested in long setup if we get to see B-0 cleared and acting as support. A run to B+3 is likely once the breakout to the upside is confirmed.
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