Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as resistance keeping the price lower. Closed the week below Y-1. Outlook The intention is clear - to test the par level 1.00. How the price react ...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 More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and ...READ MOREWeekly Cycle Projection (USDCAD) 2014-03-103DP Odds Table (USDCAD) 2022-10-17Precog Vision – Forex 2022-9-19Intraday Cycle Projection (USDCAD) 2014-04-01USDCAD Oct 24 to Oct 28 OutlookPrecog Vision – Forex 2019-10-7Weekly Cycle Projection (USDCAD) 2019-07-08AUDUSD Jul 11 to Jul 15 OutlookS&P 500 Feb 28 to Mar 04 OutlookIntraday Cycle Projection (USDCAD) 2016-04-07
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USDCAD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
First move in the week caught me by surprise – zoomed to Y+2 first before stalling back down to Y-1. Closed the week near week low.
Outlook
Last week I was looking for weaknesses in the pair and I got it 1/2 right. Seems like the sellers were not in controll at all when we got that stop run move to the upside. That signals the potential of a bottom in the making for the near term.
Swing trading will not be a good idea for this pair until after a clear direction is established.
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