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Lawrence's Comment Recap Intervention effect completely washed out in just a few days. Yen closed around Y-1. Outlook Complete reversal of a sharp move indicates rejection. The difficult here is that the ...READ MORELawrence's Comment Recap As expected no major breakout to the upside and stuck within previous week range. Closed the week near Y-0. Outlook Closed another week near the same spot again. Until ...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 MOREUSDJPY Aug 15 to Aug 19 OutlookUSDCAD Apr 09 to Apr 13 OutlookPrecog Vision – Forex 2017-6-283DP Odds Table (USDCAD) 2021-02-17Intraday Cycle Projection (USDCAD) 2016-10-07Intraday Cycle Projection (USDCAD) 2013-08-28Precog Vision – Forex 2019-9-16GBPUSD Oct 24 to Oct 28 Outlook3DP Odds Table (USDCAD) 2014-12-183DP Odds Table (USDCAD) 2022-10-17
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USDCAD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
Breakout play netted 200 pips instead of just 100. The best surprise of the week. The pair did not stop until Y+5 was tagged. A lot of trapped shorts indeed. Closed the week above Y+4 and near week high.
Outlook
Consolidation with upside bias.
The catch is that if gold suddenly reverse its course, Loonie can snap back to B-0 quickly. Monitor gold closely for signs of spike reversal.
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