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Lawrence's Comment Recap Consolidation at 50% previous week range. Y+1 resistance with Y-0 support all week. Closed the week above Y-0 and below midpoint. Outlook Breaking below Y-0 / B-1 points to ...READ MORELawrence's Comment Recap The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2. Outlook If Y-3 is tagged early ...READ MORELawrence's Comment Recap 1.30 downside target was tagged finally. And immediately BIS, ECB, etc. are seen active buying euro to stop the drop again. Closed the week near Y-0 and ...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 MORELawrence's Comment Recap Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint. Outlook Post Thanksgiving bias points to a ...READ MORENasdaq 100 Apr 11 to Apr 15 OutlookIntraday Cycle Projection (USDCAD) 2014-11-13Dow 30 Jan 23 to Jan 27 OutlookEURUSD Apr 09 to Apr 13 OutlookEURUSD Mar 19 to Mar 23 OutlookWeekly Cycle Projection (USDCAD) 2019-10-07Precog Vision – Forex 2022-4-7Dow 30 Dec 01 to Dec 05 OutlookHot n Cold (USDCAD) 2021-3-5GBPUSD Aug 01 to Aug 05 Outlook
As Featured In
USDCAD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The strong reversal of loonie is a direct result of the news shocks from ECB and Fed.
As Fed scheduled special 2-day meeting this week and that ECB has been actively messing around with the FX markets using news shocks and such. It is a good idea to stay away from pairs like Loonie that are most likely to be impacted by their actions.
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