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Lawrence's Comment Recap As expected, a bounce to Y-0 could not be avoided and that it would not stop the bounce also materialized. The interesting thing is that it was done through ...READ MORELawrence's Comment Recap Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below 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 MOREIntraday Cycle Projection (USDCAD) 2012-02-22Dow 30 Apr 29 to May 03 Outlook3DP Odds Table (USDCAD) 2022-12-08Hot n Cold (USDCAD) 2011-12-30Intraday Cycle Projection (USDCAD) 2013-02-15AUDUSD May 24 to May 28 OutlookUSDJPY Jun 23 to Jun 27 OutlookPrecog Vision – Forex 2011-7-63DP Odds Table (USDCAD) 2012-05-25USDJPY Mar 30 to Apr 03 Outlook
As Featured In
USDCAD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
Outlook
Consolidation week with 50% range and close near Y+1 is mildly bullish. Main issue is that there is a lot of money at stake around this level for which a breakout to the upside means 1.35 and 1.40 in play. The longer term players will determine the outcome. Day traders should focus on hourly and lower timeframes to ride along with the big boys.
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