Trading Edges That Last
- You May Also Like
ContentReviewEuro Not the Time to Touch ItS&P Delaying the Inevitable Means a Steeper Correction AheadGold Shaping Up for More UpsideBig Picture SummaryReviewEuro another try to break the channel resistance. Outcome ...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 As mentioned last week, any weaknesses would land ES back down to Y-1. We got that right at the beginning of the week. After pullback to mid ...READ MORES&P 500 Dec 02 to Dec 06 OutlookAUDUSD Feb 20 to Feb 24 OutlookDow 30 Jan 29 to Feb 02 OutlookIntraday Cycle Projection (USDCAD) 2020-07-14MBO Issue 95 (Nov 2019) Time to SellDow 30 Mar 25 to Mar 29 OutlookPrecog Vision – Forex 2011-10-27Weekly Cycle Projection (USDCAD) 2013-05-06S&P 500 Jul 30 to Aug 03 Outlook3DP Odds Table (USDCAD) 2014-11-26
As Featured In
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.
Share