Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint. Outlook A pocket at ...READ MORELawrence's Comment Recap Monday coiled actions led to upside breakout to Y+1. Y+1 resistance gace us a drop back down to Y-0. Y-0 failed to hold ES up and gave us almost ...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 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 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 MOREPrecog Vision – Forex 2012-7-23Precog Vision – Forex 2011-6-8Precog Vision – Forex 2022-4-15USDJPY Nov 24 to Nov 28 OutlookS&P 500 Aug 29 to Sep 02 OutlookNasdaq 100 Jul 15 to Jul 19 OutlookPrecog Vision – Forex 2011-3-22Precog Vision – Forex 2015-9-21Precog Vision – Forex 2014-3-123DP Odds Table (USDCAD) 2020-05-18
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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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