Trading Edges That Last
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Lawrence's Comment Recap Same as Dow, NQ held Y-0 giving us the Y+2 target. Y+2 was blown through later the week with Y+3 tagged. Closed the week at Y+3 and week high. Outlook As ...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 MOREIntraday Cycle Projection (USDCAD) 2018-11-213DP Odds Table (USDCAD) 2013-01-29USDCAD Mar 05 to Mar 09 OutlookIntraday Cycle Projection (USDCAD) 2012-12-06Intraday Cycle Projection (USDCAD) 2018-02-19Precog Vision – Forex 2013-2-25Nasdaq 100 Jun 09 to Jun 13 OutlookIntraday Cycle Projection (USDCAD) 2017-07-17Precog Vision – Forex 2019-10-7Precog Vision – Forex 2017-12-29
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USDCAD Sep 16 to Sep 20 Outlook
Lawrence’s Comment
Got more downside as expected. 50% range of previous wide range week is quite normal. Almost tagged Y-2 before finding support. Closed the week below midpoint and Y-1.
Outlook
Earlier part of the week was a structured down channel on hourly that cannot last. Snapping out of the channel does not turn this pair bullish. As long as B-1 acting as support, there is a good chance B-0, Y-1 and then B+1 will be tagged in 1 up swing.
B+1 is strong resistance. Reaction there will determine if Loonie is going par or not.
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