Trading Edges That Last
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Lawrence's Comment Recap Further upside drift as expected. 2nd pop in the week tagged the upside target mentioned last week. From there Dow simply consolidated around the target zone. Closed the week ...READ MORELawrence's Comment Recap Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance ...READ MORELawrence's Comment Recap Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint. Outlook Below 1.30 is rejected due to ...READ MORELawrence's Comment Recap Moved higher as expected. Target of above Y+2 reached and a rounding top was formed. End of week selloff brought ninja back down. Closed the week above Y+1 and ...READ MORE3DP Odds Table (USDCAD) 2018-09-13Weekly Cycle Projection (USDCAD) 2019-09-09Dow 30 Oct 21 to Oct 25 Outlook3DP Odds Table (USDCAD) 2014-05-08S&P 500 Oct 26 to Oct 30 OutlookAUDUSD Sep 15 to Sep 19 OutlookEURUSD Feb 20 to Feb 24 Outlook3DP Odds Table (USDCAD) 2017-10-19USDJPY Apr 07 to Apr 11 Outlook3DP Odds Table (USDCAD) 2015-07-24
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USDCAD Nov 25 to Nov 29 Outlook
Lawrence’s Comment
As mentioned last week, loonie depends on gold to hold it up. The moment gold breached its support, loonie collapsed spiking the pair up to Y+2. Closed the week below Y+1 and above midpoint.
Outlook
B-0 / Y-0 very strong support zone. Until it is cleared, retest of B+1 likely and more upside is expected.
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