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 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 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 MORE
Lawrence's Comment Recap Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. ...READ MOREWeekly Cycle Projection (USDCAD) 2022-08-22GBPUSD Sep 13 to Sep 17 Outlook3DP Odds Table (USDCAD) 2012-12-03Precog Vision – Forex 2014-11-123DP Odds Table (USDCAD) 2021-10-22Precog Vision – Forex 2014-3-7Intraday Cycle Projection (USDCAD) 2011-06-02Precog Vision – Forex 2014-4-2USDCAD Sep 01 to Sep 05 OutlookWeekly Cycle Projection (USDCAD) 2021-06-21
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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