Trading Edges That Last
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Lawrence's Comment Recap Aussie did not produce a buy setup early in the week. It just drifted higher to retest Y-0. The bear flag setup was good for a retest of Y-1 ...READ MOREAs I pointed out over the weekend, GBPUSD is subjected to a quick selloff easily from the green-yellow zone. Yay!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 Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint. Outlook A shallow pullback turned into ...READ MOREIntraday Cycle Projection (USDCAD) 2014-08-11Intraday Cycle Projection (USDCAD) 2020-04-13Hot n Cold (USDCAD) 2011-4-26Hot n Cold (USDCAD) 2018-11-16Precog Vision – Forex 2015-4-7Intraday Cycle Projection (USDCAD) 2022-09-01AUDUSD Nov 11 to Nov 15 OutlookGBPUSD completed test of upside target and nowPrecog Vision – Forex 2011-12-29USDJPY Jun 16 to Jun 20 Outlook
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USDCAD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
As expected, higher price level was reached. 1.05 was an important price level for the pair before it dropped below 1.0. Without much pullback, 1.05 was tagged at the end of the week.
Outlook
Longer term basis, more upside is expected as long as Y-0 or 1.0 level continue to act as support.
Intraday basis, if B-0 is breached quickly, the pair will likely fall back to B-1 and Y-0.
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