Trading Edges That Last
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Lawrence's Comment Recap Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. ...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 Consolidation as expected. 50% range. Closed the week above Y-0 and below midpoint. Outlook Inside week with a mildly weak close points to retest of B-1 likely. That can open the ...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 MOREIntraday Cycle Projection (USDCAD) 2011-07-28Intraday Cycle Projection (USDCAD) 2016-04-05GBPUSD Mar 04 to Mar 08 OutlookIntraday Cycle Projection (USDCAD) 2012-05-14Precog Vision – Forex 2012-4-273DP Odds Table (USDCAD) 2015-11-11Intraday Cycle Projection (USDCAD) 2017-05-10GBPUSD Jul 14 to Jul 18 OutlookAUDUSD Apr 17 to Apr 21 OutlookPrecog Vision – Forex 2014-7-8
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USDCAD Jun 17 to Jun 21 Outlook
Lawrence’s Comment
As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint.
Outlook
No strong directional bias because loonie is so close to par level its attraction cannot be ignored. A flush to 1.00 vs downside wedge breakout to the upside with target Y-0 to B+2 are equally likely.
Breakout play on both ends are just 100 pips. There are better opportunities out there.
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