Trading Edges That Last
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Lawrence's Comment Recap The expected run towards 1.15 resulted in a spike reversal at Y+2. Closed the week below Y+1 and near week low. Outlook Very strong resistance Y+1 / B-0 with ...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 Held Y-0 support, gave us a run to Y+1 as expected. Can't ask for more. Closed the week above Y-0 and midpoint. Outlook Still indecisive whether to push higher or collapse ...READ MOREPrecog Vision – Forex 2019-5-10Precog Vision – Forex 2019-8-12S&P 500 Mar 09 to Mar 13 OutlookS&P 500 Jan 25 to Jan 29 OutlookEURUSD May 09 to May 13 OutlookPrecog Vision – Forex 2014-10-283DP Odds Table (USDCAD) 2019-09-23GBPUSD Apr 21 to Apr 25 OutlookIntraday Cycle Projection (USDCAD) 2015-10-143DP Odds Table (USDCAD) 2013-12-30
As Featured In
USDCAD Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Test of Y+1 rejected. Dropped back down to Y-0 and found support. 2nd attempt led to all out selloff back down to 100% absolute range expansion. Found support there again and bounced back up. Closed the week near Y+1 and above midpoint.
Outlook
Thanksgiving week in US will slow down currency trading a lot. In fact, this is the start of the holiday season for which trading in many markets will get lower volume and reduced volatility.
If we see consolidation actions this week again with further gain into the 1.34 area, another upside break will carry this up to 1.36 area quickly.
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