Trading Edges That Last
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Lawrence's Comment Recap As noise coming from various events dying down, normal behaviour came back. A breakout of Y+1 points to Y+2 target for the week. That was completed by Friday. Outlook The ...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 Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...READ MORELawrence's Comment Recap Aussie could not push higher as expected and dropped back down to retest Y-1. Y-1 rejected, gave us target Y-0 and the double bottom gave us target at the ...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 MOREPrecog Vision – Forex 2011-6-23Dow 30 Apr 04 to Apr 08 OutlookPrecog Vision – Forex 2012-1-303DP Odds Table (USDCAD) 2013-06-17GBPUSD Aug 15 to Aug 19 OutlookAUDUSD Jun 02 to Jun 06 OutlookIntraday Cycle Projection (USDCAD) 2013-12-06Nasdaq 100 Jan 04 to Jan 08 OutlookPrecog Vision – Forex 2022-2-21Intraday Cycle Projection (USDCAD) 2011-06-14
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USDCAD Nov 10 to Nov 14 Outlook
Lawrence’s Comment
Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint.
Outlook
The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a renewal of the up trend on daily is in the making.
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