Trading Edges That Last
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Lawrence's Comment Recap 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. ...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 week at 50% range. Closed the week beow Y-1 and near week low. Outlook Quick drop to B-2 points to weekly range expansion down to Y-3 potential. Grexit ...READ MOREUSDCAD Nov 30 to Dec 04 OutlookPrecog Vision – Forex 2016-7-29USDCAD Sep 02 to Sep 06 Outlook3DP Odds Table (USDJPY) 2015-12-21Nasdaq 100 Apr 22 to Apr 26 OutlookUSDCAD Dec 17 to Dec 21 OutlookPrecog Vision – Forex 2016-9-26Hot n Cold (USDJPY) 2017-9-15GBPUSD May 16 to May 20 OutlookGBPUSD Jul 29 to Aug 02 Outlook
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USDJPY Dec 10 to Dec 14 Outlook
Lawrence’s Comment
As expected, total sideway action all week. slided down to Y-1 and bounced. Pushed thru Y-0 and tried to breakout upside above Y+1 failed. Closed the week near midpoint and Y-0.
Outlook
Election on 16th. Not going to touch this pair until it is over.
Chart pattern is consolidation breakout mode. As original direction was up before entering the consolidation, upside breakout has a slight edge over a breakdown.
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