Trading Edges That Last
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Lawrence's Comment Recap Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1. Outlook Above B+1 ...READ MORELawrence's Comment Recap Consolidation around Y-0. Tried hard to hold Y-0 early in the week but failed. Leading to a move down to equal distance below Y-0. There was no panic selling ...READ MOREUSDCAD Jul 30 to Aug 03 Outlook3DP Odds Table (USDCAD) 2013-09-03Hot n Cold (USDCAD) 2021-9-17Precog Vision – Forex 2013-7-8AUDUSD Apr 26 to Apr 30 OutlookIntraday Cycle Projection (USDCAD) 2022-02-08Precog Vision – Forex 2019-10-7AUDUSD Apr 07 to Apr 11 OutlookHot n Cold (USDCAD) 2016-5-27USDJPY Feb 25 to Mar 01 Outlook
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USDCAD Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint.
Outlook
That at par zone has been a trouble zone for some time now. Clearing that will be a big win for US dollar and so far the weekly pattern supports that. But the implication is that crude oil and gold are going to be punished is quite contradictory to what I see in those 2 markets.
Hence, I will be very cautious if we see a quick breakdown below B-0 after B+2 is tagged. That can mark the end of this leg up with 1st down side target at B-2.
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