Trading Edges That Last
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Lawrence's Comment Recap As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the ...READ MORE3DP Odds Table (USDCAD) 2020-12-173DP Odds Table (USDCAD) 2020-12-03Precog Vision – Forex 2017-5-11USDJPY Mar 19 to Mar 23 OutlookAUDUSD Jan 09 to Jan 13 OutlookHot n Cold (USDCAD) 2018-9-28Precog Vision – Forex 2013-7-29Precog Vision – Forex 2012-4-4Precog Vision – Forex 2020-5-1Dow 30 Jul 29 to Aug 02 Outlook
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USDCAD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. Strong reaction to Y-2. Closed the week below Y-1 and midpoint.
Outlook
Outside week and closing below Y-1 is bearish. Short term top in place with sideway actions expected as weekly up trend is still intact.
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