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Lawrence's Comment Recap Euro held support mentioned last week and rallied to normal Y+2 upside target. Strong reaction against Y+2 gave us a drop back down to Y+1. Closed the week below ...READ MORELawrence's Comment Recap Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below ...READ MORELawrence's Comment Recap Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow ...READ MORELawrence's Comment Recap Held Y-0 support, gave us a run to Y+1 as expected. Can't ask for more. Closed the week above Y-0 and midpoint. Outlook Still indecisive whether to push higher or collapse ...READ MORELawrence's Comment Recap Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...READ MOREEURUSD Oct 19 to Oct 23 Outlook3DP Odds Table (USDCAD) 2012-09-193DP Odds Table (USDCAD) 2012-07-17GBPUSD Jul 28 to Aug 01 OutlookDow 30 May 18 to May 22 OutlookAUDUSD Jul 06 to Jul 10 OutlookGBPUSD Aug 26 to Aug 30 OutlookGBPUSD Apr 21 to Apr 25 OutlookUSDCAD Oct 13 to Oct 17 OutlookUSDCAD Apr 25 to Apr 29 Outlook
As Featured In
USDCAD May 21 to May 25 Outlook
Lawrence’s Comment
As expected the rally continues. Y-0 acted as support and forced a strong breakout to Y+3. Closed the week near week high.
Outlook
Short term bottom in place. Long bias until 1.08 is tagged.
Next week, however, is more likely to consolidate near B+1 with 50% range of previous week.
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