Trading Edges That Last
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Lawrence's Comment Recap Consolidation whole week. 50% range of the week prior. Closed the week at midpoint above Y-1. Outlook No real direction will be established until the politicians / governments sort out ...READ MORELawrence's Comment Recap Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week. Outlook Same as last ...READ MORELawrence's Comment Recap Easiest play last week. Failed right at resistance and then collapsed. Got Y-2 in 1 go and no strength to recover since. Y-3 extended target tagged and bounced. Closed ...READ MOREIntraday Cycle Projection (USDCAD) 2018-07-193DP Odds Table (USDCAD) 2017-04-18Weekly Cycle Projection (USDCAD) 2021-09-06USDJPY Aug 22 to Aug 26 OutlookGBPUSD Sep 03 to Sep 07 OutlookIntraday Cycle Projection (USDCAD) 2017-01-09USDCAD May 12 to May 16 OutlookS&P 500 Mar 26 to Mar 30 Outlook3DP Odds Table (USDCAD) 2017-10-163DP Odds Table (USDCAD) 2017-01-04
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USDCAD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Gold trashed so our bullish scenario played out. Got Y+1 in 1 go. End of week final squeeze pushed price even higher after 100% absolute range was reached. Closed the week above Y+1 and near week high.
Outlook
Breakout play not completed yet. 1.12 is the well-known parking spot for Loonie when it is weak. As long as Y+1 acting as support we should see that before Loonie will make a decision. 1.12 resistance points to steep pullback to B-0.
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