Trading Edges That Last
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Lawrence's Comment Recap No major selloff. Just consolidation around Y-1 with spikes to Y-0 that failed to go higher. Closed the week below Y-1. Outlook Still within the context of a pullback. ...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 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 2015-2-3Precog Vision – Forex 2013-10-23Intraday Cycle Projection (USDCAD) 2018-05-30Hot n Cold (USDCAD) 2014-7-11AUDUSD Aug 27 to Aug 31 OutlookPrecog Vision – Forex 2015-10-263DP Odds Table (USDCAD) 2021-03-22Precog Vision – Forex 2016-11-4Precog Vision – Forex 2011-9-293DP Odds Table (USDCAD) 2011-04-29
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USDCAD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
As expected, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. Closed the week above midpoint and Y-0.
Outlook
Inside week holding above Y-0 is bullish. A breakout above Y+1 points to range expansion to Y+2 or above B+3.
Should we see a FBO against B+1 / Y+1 with confirmation at B-0, a selloff back downto B-3 is likely.
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