Trading Edges That Last
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Lawrence's Comment Recap Best behaving pair last week. Consolidation around previous week close at 50% week range. Closed the week near Y+1 and week high. Outlook Breakout above Y+1 / B+1 points ...READ MORELawrence's Comment Recap This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to ...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 MOREGBPUSD Feb 05 to Feb 09 OutlookPrecog Vision – Forex 2020-10-5Intraday Cycle Projection (USDCAD) 2022-02-23AUDUSD Apr 27 to May 01 OutlookAUDUSD May 13 to May 17 OutlookPrecog Vision – Forex 2019-10-7Weekly Cycle Projection (USDCAD) 2011-07-25Precog Vision – Forex 2018-1-5Intraday Cycle Projection (USDCAD) 2012-11-26Hot n Cold (USDCAD) 2019-6-21
As Featured In
USDCAD Jun 23 to Jun 27 Outlook
Lawrence’s Comment
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel to the pair for full breakout down to Y-3. Closed the week below Y-2 and near week low.
Outlook
1.08 is historically important price level. Jumping through it due to stop run implies a retest will have to happen in the near future. Short side not in control until proven otherwise. The test of 1.08 / B-0 will clue us in.
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