Trading Edges That Last
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Lawrence's Comment Recap NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support ...READ MORERecap of last week Gap above the resistance area (yellow zone) and sell back down to test the zone from above. Yellow zone acted as support, leading to a ...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 MOREPrecog Vision – Forex 2021-1-22S&P 500 Dec 05 to Dec 09 OutlookNasdaq 100 Mar 12 to Mar 16 OutlookIntraday Cycle Projection (USDCAD) 2022-06-13Weekly Cycle Projection (USDCAD) 2014-03-31Intraday Cycle Projection (USDCAD) 2013-02-19Nasdaq 100 Dec 07 to Dec 11 Outlook3DP Odds Table (USDCAD) 2019-04-25S&P 500 Week of Dec 13th to DecPrecog Vision – Forex 2023-5-2
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USDCAD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
The march towards 1.28 was realized last week. Very strong reactions there with rumours that central banks intervened. But Y+1 acted as support leading to another rush to 1.28. Closed the week above Y+2 and midpoint.
Outlook
Monthly level multiple year high are not easily cleared or rejected in a week or two. It is a process of struggle among all participants. If Loonie continues to hang in this zone in coming few weeks, it is a sign that the zone is accepted with more upside coming.
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