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Lawrence's Comment Recap As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of ...READ MORELawrence's Comment Recap Did not push higher at all. First drop to Y-0 did not even hold above Y-0. That opens the door to Y-1. Closed the week well below ...READ MORELawrence's Comment Recap Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low as ...READ MORELawrence's Comment Recap Y-1 tagged and defended. Slow drift back up to Y-0 as expected. Closed the week below Y-0 and near midpoint. Outlook Retest Y-1 likely. Y-1 / B-1 support will ...READ MOREHot n Cold (USDCAD) 2019-7-19USDCAD Jan 23 to Jan 27 OutlookS&P 500 Aug 06 to Aug 10 OutlookIntraday Cycle Projection (USDCAD) 2013-09-05Intraday Cycle Projection (USDCAD) 2015-01-01AUDUSD Jan 23 to Jan 27 OutlookNasdaq 100 Jul 12 to Jul 16 OutlookAUDUSD May 07 to May 11 OutlookUSDJPY Mar 25 to Mar 29 OutlookUSDJPY Apr 18 to Apr 22 Outlook
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USDCAD Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 area indeed led to the first strong bounce since collapse below 0.99. Potential bottom building process here.
As long as B-1 / Y-0 holds, there is a good chance to retest B+1.
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