Trading Edges That Last
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Lawrence's Comment Recap The march towards 1.28 was realized last week. Very strong reactions there with rumours that central banks intervened. But Y+1 acted as support leading to another rush to 1.28. ...READ MOREHot n Cold (USDCAD) 2012-2-33DP Odds Table (USDCAD) 2021-11-02Intraday Cycle Projection (USDCAD) 2014-08-20Nasdaq 100 Mar 28 to Apr 01 OutlookDow 30 Oct 10 to Oct 14 OutlookIntraday Cycle Projection (USDCAD) 2017-03-273DP Odds Table (USDCAD) 2013-10-183DP Odds Table (USDCAD) 2013-01-29Nasdaq 100 Oct 25 to Oct 29 OutlookUSDCAD Mar 16 to Mar 20 Outlook
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USDCAD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint.
Outlook
Sellers discovered above Y+1. It implies as long as B-0 holds, a run back up (can be a slow one) to retest Y+1 is likely.
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