Trading Edges That Last
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Lawrence's Comment Recap Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the ...READ MORELawrence's Comment Recap One of the most tricky weeks in these few years. First, in beginning of the week swinging around Y-0. Gapped to Y+1 and traded above. The gapped back down ...READ MORETraders often talk about volatility. Many brokerages even offer volatility reports on various timeframes across all the forex pairs as a service to their clients. People talk about volatility because ...READ MOREPrecog Vision – Forex 2011-3-13S&P 500 Aug 05 to Aug 09 Outlook3DP Odds Table (USDCAD) 2013-01-07Precog Vision – Forex 2022-4-19AUDUSD Jul 25 to Jul 29 OutlookNasdaq 100 Jan 28 to Feb 01 OutlookMarket Breadth Primer: Forex Majors And Their Surprising3DP Odds Table (USDCAD) 2020-06-083DP Odds Table (USDCAD) 2021-02-10Intraday Cycle Projection (USDCAD) 2022-04-29
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USDCAD May 26 to May 30 Outlook
Lawrence’s Comment
Y-1 acted as support and forced a run back up to Y+1. Strong reaction there gave us a drop back down. Closed the week below Y-0 and midpoint.
Outlook
Outside week, midpoints near each other but closed within the bottom of the range – indecision with bearish bias.
Again, as long as Y-0 / B-0 acting as resistance, looking for Y-2.
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