Trading Edges That Last
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Lawrence's Comment Recap A minor data problem affected the chart. Week high was 1.05 area which was a challenge of the resistance zone and failed. Closed the week below Y-0 ...READ MORELawrence's Comment Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near ...READ MORELawrence's Comment Recap Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive ...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 MORELawrence's Comment Recap Gap down with Y-1 support sent NQ back up to Y-0. Since then slow up drift destroyed the shorts in slow motion all week. Breakout above Y+1 sent NQ ...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 MOREUSDCAD Feb 20 to Feb 24 OutlookAUDUSD Aug 10 to Aug 14 OutlookIntraday Cycle Projection (USDCAD) 2013-11-293DP Odds Table (USDCAD) 2018-12-12S&P 500 Oct 06 to Oct 10 OutlookNasdaq 100 Jun 21 to Jun 25 OutlookPrecog Vision – Forex 2015-9-4Nasdaq 100 Apr 13 to Apr 17 OutlookPrecog Vision – Forex 2012-3-123DP Odds Table (USDCAD) 2019-10-07
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USDCAD May 12 to May 16 Outlook
Lawrence’s Comment
Easiest play last week. Failed right at resistance and then collapsed. Got Y-2 in 1 go and no strength to recover since. Y-3 extended target tagged and bounced. Closed the week below Y-1 and near midpoint.
Outlook
Mentioned many times here that 1.08 is a long term magic number going way back. Tagged and reacted to is normal. It is not necessary a short term bottom yet.
Wide range week with midpoint close points to consolidation near B-0 with 50% range likely.
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