Trading Edges That Last
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Lawrence's Comment Recap As indicated in the comments for Dow, we got the sell climax reading in breadth on Monday and that marked the end of the selloff. Rallied all 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 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) 2018-03-01EURUSD Apr 24 to Apr 28 OutlookS&P 500 Dec 26 to Dec 30 OutlookHot n Cold (USDCAD) 2011-8-25Precog Vision – Forex 2013-10-14Precog Vision – Forex 2019-10-73DP Odds Table (USDCAD) 2016-09-29Hot n Cold (USDCAD) 2013-3-29Intraday Cycle Projection (USDCAD) 2018-08-023DP Odds Table (USDCAD) 2023-04-26
As Featured In
USDCAD Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support / Y-2 by end of the week. Closed the week below Y-1 and midpoint.
Outlook
Channel resistance now lowered to Y-0 area. Clearing that will give way to retest the November high.
For now, we have to assume the channel will continue to dictate the price with a bounce back up to channel top likely.
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