Trading Edges That Last
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Lawrence's Comment Recap As I pointed out last week, a healthy pullback takes more than a week. NQ gapped higher into the resistance zone and sold off down to Y-1 and completed ...READ MORELawrence's Comment Recap Data problem affecting the chart so the price levels are not drawn correctly. Weaknesses in the beginning of the week failed to take Dow back down to ...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 FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for ...READ MORELawrence's Comment Recap Y-1 failed to hold up the pair. Y-0 was not even challenged from below. Closed the week, however, above Y-1. Outlook Opened the door to test Y-2 below. Breaking ...READ MORENasdaq 100 May 11 to May 15 OutlookDow 30 Feb 27 to Mar 02 OutlookIntraday Cycle Projection (USDCAD) 2012-06-27GBPUSD Apr 08 to Apr 12 Outlook3DP Odds Table (USDCAD) 2015-01-23Precog Vision – Forex 2020-4-21Nasdaq 100 Feb 29 to Mar 04 OutlookIntraday Cycle Projection (USDCAD) 2016-04-04Intraday Cycle Projection (USDCAD) 2021-01-21USDCAD Jan 02 to Jan 06 Outlook
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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