Trading Edges That Last
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Lawrence's Comment Recap Pushed higher early in the week but capped by holiday trading and news shock. Consolidation around Y+1 with 50% previous week range. Closed the week below Y+1 ...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 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 MOREPrecog Vision – Forex 2022-4-28AUDUSD Jan 23 to Jan 27 OutlookDow 30 Oct 24 to Oct 28 OutlookPrecog Vision – Forex 2021-3-303DP Odds Table (USDCAD) 2012-05-30Precog Vision – Forex 2011-11-23S&P 500 Jul 09 to Jul 13 OutlookPrecog Vision – Forex 2017-6-27Precog Vision – Forex 2016-5-20Intraday Cycle Projection (USDCAD) 2013-12-06
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USDCAD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Y-0 acted as resistance as expected and that sent Loonie down to almost Y-2. Tight range drift after the break below Y-1 making it difficult to trade this pair at all. End of week bounce challenged Y-1 and B-0 but failed to go higher.
Outlook
B-0 acted as resistance pointing to Y-2 and B-2 in play.
Only way for Loonie to snap out of this down trend is to get a rally that take out B-0 and that B-0 turning into support.
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