Trading Edges That Last
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Lawrence's Comment Recap Congestion between Y-0 and Y+1 as expected. Outlook It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...READ MORELawrence's Comment Recap Held close from the week before and run higher until 50% range reached. Consolidation / sideway actions all the way. Closed the week above Y+1 and below midpoint. ...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 2015-12-25Intraday Cycle Projection (USDCAD) 2013-05-06Precog Vision – Forex 2018-9-24Intraday Cycle Projection (USDCAD) 2013-05-10AUDUSD Apr 18 to Apr 22 OutlookHot n Cold (USDCAD) 2012-3-8USDCAD Dec 22 to Dec 26 OutlookPrecog Vision – Forex 2016-10-14Intraday Cycle Projection (USDCAD) 2017-08-17Intraday Cycle Projection (USDCAD) 2011-03-24
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USDCAD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.
Outlook
Inside week tight range and close near midpoint is indecision. Breakout mode in effect. Levelling off Y-1, however, gives the long side a slight edge over the short side in case of breakout.
Upside breakout of B+1 points to Y+1 and above. Downside breakout below Y-1 points to B-2 and below.
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