Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint. Outlook Gaps above B+1 and below B-1 are in play once ...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 MORE3DP Odds Table (USDCAD) 2021-02-223DP Odds Table (USDCAD) 2013-12-233DP Odds Table (USDCAD) 2016-05-30Intraday Cycle Projection (USDCAD) 2018-10-023DP Odds Table (USDCAD) 2022-02-24Precog Vision – Forex 2018-7-2Dow 30 Jun 20 to Jun 24 OutlookUSDJPY Aug 07 to Aug 11 Outlook3DP Odds Table (USDCAD) 2015-07-02Precog Vision – Forex 2021-8-10
As Featured In
USDCAD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
Outlook
Consolidation week with 50% range and close near Y+1 is mildly bullish. Main issue is that there is a lot of money at stake around this level for which a breakout to the upside means 1.35 and 1.40 in play. The longer term players will determine the outcome. Day traders should focus on hourly and lower timeframes to ride along with the big boys.
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