Trading Edges That Last
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Forex price actions on Mondays provide very important clues on what to expect for the rest of the week. Most of the time, day traders tend to focus so much ...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 MORE3DP Odds Table (USDCAD) 2020-04-16Weekly Cycle Projection (USDCAD) 2012-04-16Precog Vision – Forex 2013-11-21Precog Vision – Forex 2013-11-6Weekly Bias: Forex MondayPrecog Vision – Forex 2013-11-223DP Odds Table (USDCAD) 2020-05-15Precog Vision – Forex 2013-11-203DP Odds Table (USDCAD) 2017-10-183DP Odds Table (USDCAD) 2021-07-09
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USDCAD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
The march towards 1.28 was realized last week. Very strong reactions there with rumours that central banks intervened. But Y+1 acted as support leading to another rush to 1.28. Closed the week above Y+2 and midpoint.
Outlook
Monthly level multiple year high are not easily cleared or rejected in a week or two. It is a process of struggle among all participants. If Loonie continues to hang in this zone in coming few weeks, it is a sign that the zone is accepted with more upside coming.
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