Trading Edges That Last
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Lawrence's Comment Recap Loonie managed to get to Y+1 by drifting slowing. It was immediately rejected. Closed the week at midpoint and above Y-0. Outlook It has weaknesses written all over. The slow up ...READ MORELawrence's Comment Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high. ...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 MOREIntraday Cycle Projection (USDCAD) 2014-10-16Intraday Cycle Projection (USDCAD) 2020-06-08USDCAD Sep 30 to Oct 04 OutlookIntraday Cycle Projection (USDCAD) 2015-07-093DP Odds Table (USDCAD) 2013-05-24Intraday Cycle Projection (USDCAD) 2011-10-19EURUSD Aug 24 to Aug 28 OutlookIntraday Cycle Projection (USDCAD) 2013-02-04Precog Vision – Forex 2014-5-93DP Odds Table (USDCAD) 2013-05-31
As Featured In
USDCAD May 06 to May 10 Outlook
Lawrence’s Comment
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up to Y-1. Closed the week below midpoint and Y-2.
Outlook
Too weak to form a bottom at this level. Further downside will pull this down to B-2 / par level.
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