Trading Edges That Last
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Lawrence's Comment Recap Gap and go breakdown move sent Dow straight down. Closed the week below Y-5 and near week low. Outlook Wide range week breakdown points to consolidation actions. Flush low ...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 MOREPrecog Vision – Forex 2019-1-7Intraday Cycle Projection (USDCAD) 2020-09-23EURUSD Jul 16 to Jul 20 OutlookAUDUSD Nov 30 to Dec 04 OutlookHot n Cold (USDCAD) 2018-11-16Precog Vision – Forex 2017-7-10Dow 30 Jan 11 to Jan 15 OutlookIntraday Cycle Projection (USDCAD) 2021-02-01GBPUSD Apr 11 to Apr 15 OutlookPrecog Vision – Forex 2018-1-12
As Featured In
USDCAD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
The funniest pair last week. Got the upside breakout above Y+1 which invalidated the bearish potential. Then above turn back down to almost Y-1, even printed a slight lower low against the beginning of the week, to shake out all the weak longs, and then zoom up all the way on the news shock. Closed the week above Y+3 and at the week high.
Outlook
Successfully broken out of the multiple week tight range. An uptrend is now defined. As long as B-0 down to Y+1 can act as support there is no reason why this cannot go a lot higher.
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