Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Weakest of the big 3 indices, Dow consolidated around Y-1 without giving us any directional move. Closed the week below Y-1 and near midpoint. Outlook Bull flag on daily ...READ MORELawrence's Comment Recap Tried to pull off a bounce from Y-1 but stalled right at the resistance we mentioned last week and dropped to new low. Closed the week below ...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 Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was ...READ MORELawrence's Comment Recap FBO against Y+1 triggered all out dumping to Y-3. After a pause, the stop run sent cable down to 1.63. Closed the week below Y-5 and near week low. Outlook Cable ...READ MOREDow 30 Aug 01 to Aug 05 OutlookEURUSD Jan 16 to Jan 20 Outlook3DP Odds Table (USDCAD) 2018-07-09Intraday Cycle Projection (USDCAD) 2022-06-14Intraday Cycle Projection (USDCAD) 2021-07-29Precog Vision – Forex 2016-1-8Dow 30 Jun 10 to Jun 14 Outlook3DP Odds Table (USDCAD) 2012-11-19USDCAD Apr 06 to Apr 10 OutlookGBPUSD Sep 08 to Sep 12 Outlook
As Featured In
USDCAD Apr 30 to May 04 Outlook
Lawrence’s Comment
Resistance zone worked out giving us a flush to below Y-1 in one slow drop. Y-1 turned into resistance and closed the week at week low.
Outlook
Y-2 is still in play.
A quick flush to Y-2 and bounce back above B-1 could signal a short term bottom with consolidation near B-0 area.
Taking out B-0 quickly from below will send loonie back to B+1.
Share