Trading Edges That Last
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Lawrence's Comment Recap Did not even push higher in the beginning of the week. Sold off slowly all the way back down to almost where the breakout started. Closed the week near ...READ MORELawrence's Comment Recap Tried hard to produce the extreme bearish formation of Y-1 acting as resistance and failed to do so. That points to a retest of previous close area that ...READ MORELawrence's Comment Recap 3rd leg down resulted in a fight to defend of Y-1 which eventually led to a run for Y-0 test after Mrs. Yellen's comments. Since 2nd swing low was ...READ MORELawrence's Comment Recap Euro drifted higher around Y+1. Closed the week above Y+1 and midpoint. Outlook Completely artificial rally since 3 weeks ago by empty promises from ECB. A tight up channel is visible ...READ MORELawrence's Comment Recap Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1. Outlook As long as ...READ MOREUSDCAD Feb 04 to Feb 08 OutlookDow 30 May 30 to Jun 03 OutlookAUDUSD Aug 29 to Sep 02 Outlook3DP Odds Table (USDCAD) 2016-11-30USDJPY Aug 28 to Sep 01 Outlook3DP Odds Table (USDCAD) 2022-11-23EURUSD Jun 17 to Jun 21 OutlookUSDJPY May 23 to May 27 Outlook3DP Odds Table (USDCAD) 2012-08-06Intraday Cycle Projection (USDCAD) 2022-05-16
As Featured In
USDCAD May 16 to May 20 Outlook
Lawrence’s Comment
Consolidation at 50% range found support above Y-0 and sent this back up to Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 resistance points to potential bull flag on 4 hours until higher timeframes catch up with the trend change. Clearing B+1 quickly points to melt up play for Y+2 above.
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