Trading Edges That Last
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Lawrence's Comment Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the ...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 MOREHot n Cold (USDCAD) 2023-4-14Precog Vision – Forex 2023-5-2USDJPY Jul 11 to Jul 15 OutlookHot n Cold (USDCAD) 2011-11-33DP Odds Table (USDCAD) 2019-01-21Precog Vision – Forex 2016-2-26Intraday Cycle Projection (USDCAD) 2015-05-28EURUSD Aug 03 to Aug 07 OutlookPrecog Vision – Forex 2017-9-6Weekly Cycle Projection (USDCAD) 2017-11-27
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USDCAD Feb 25 to Mar 01 Outlook
Lawrence’s Comment
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) but also to the melt up price Y+5. Closed the week above Y+3 and midpoint.
Outlook
End of week showed signs of exhaustion. Likely consolidation below B+1 and above Y+2. As gold is showing signs of swing bottom forming, can cap the strength in this pair for a while.
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