Trading Edges That Last
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Lawrence's Comment Recap Another one played out as expected. Bounce from Y-0 was weak and as expected could not even get close to Y+1. Sold off down to near Y-1 and bounced. ...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 MOREContent Euro Hanging on a Thread S&P Finally Done with the Bounce Gold on Time to Move Higher ...READ MOREDow 30 May 01 to May 05 OutlookEURUSD Oct 14 to Oct 18 OutlookWeekly Cycle Projection (USDCAD) 2017-07-03Precog Vision – Forex 2018-10-3Intraday Cycle Projection (USDCAD) 2020-09-02AUDUSD Mar 18 to Mar 22 OutlookIntraday Cycle Projection (USDCAD) 2015-09-15EURUSD Feb 18 to Feb 22 OutlookIntraday Cycle Projection (USDCAD) 2016-02-25MBO Issue 86 (Feb 2019) The Year of
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USDCAD Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Moved back to support as expected and the structured selling reappeared. Finally the support level was broken leading to a flush doubling the consolidation range and tagged Y-1 in 1 go. Closed the week above Y-1 and below midpoint.
Outlook
As mentioned last week, it was a 50/50 bet for the pair to hold the support level.
As long as Y-1 acting as support, looking for a retest of B+1 in the making.
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