Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap No breakout of range. Just more consolidation. Closed the week an inside week close to Y+1. Outlook Need breakout of this tight range for a clear direction. No point 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 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 MOREUSDCAD Jul 20 to Jul 24 OutlookIntraday Cycle Projection (USDCAD) 2017-10-27Intraday Cycle Projection (USDCAD) 2021-08-04Precog Vision – Forex 2016-5-2Hot n Cold (USDCAD) 2015-9-11Intraday Cycle Projection (USDCAD) 2022-09-19EURUSD Aug 29 to Sep 02 OutlookIntraday Cycle Projection (USDCAD) 2012-04-03Precog Vision – Forex 2016-7-11Precog Vision – Forex 2018-3-29
As Featured In
USDCAD Oct 12 to Oct 16 Outlook
Lawrence’s Comment
Dropped to B-2 with 1.31 not acting as support at all. This gives way to 1.30 round number and below. Closed the week below Y-2 and near week low.
Outlook
Weeks of build up to push above the yearly resistance has failed on its first try on monthly basis. That points to pullback on weekly timeframe back down to the weekly support zone below around 1.28. If 1.29 down to 1.28 can successfully form a proper bottoming setup, we can expect a retest of year high by end of this year or early next year.
Share