Trading Edges That Last
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Lawrence's Comment Recap No violent breakout, just a weak outside week reversal. Closed the week below Y-1. Outlook A reversal happened but not as strong as I hope for. Definitely need Y-0 ...READ MORELawrence's Comment Recap Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint. Outlook A shallow pullback turned into ...READ MORELawrence's Comment Recap See Dow comments for more info. Outlook Wide range week with exhaustion signs often points to inside week to follow. So normal expectation here is that ES will be trapped between ...READ MOREPrecog Vision – Forex 2016-9-283DP Odds Table (USDCAD) 2013-05-133DP Odds Table (USDCAD) 2020-09-30USDCAD Aug 27 to Aug 31 OutlookUSDJPY Jun 16 to Jun 20 OutlookUSDJPY Jul 06 to Jul 10 OutlookS&P 500 May 20 to May 24 OutlookIntraday Cycle Projection (USDCAD) 2020-07-20Intraday Cycle Projection (USDCAD) 2021-06-22Intraday Cycle Projection (USDCAD) 2018-08-13
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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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