Trading Edges That Last
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Lawrence's Comment Recap Popped higher right from the start of the week and tagged Y+2. This opened the doorway to go higher. Then pullback to above Y-0 forming a double bottom on ...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 Test of daily level support as expected. Round turn reversal from Y-3 sent this back up to crime scene near Y-0. Closed the week below Y-0 and near week ...READ MOREUSDCAD Feb 18 to Feb 22 Outlook3DP Odds Table (USDCAD) 2014-10-22Intraday Cycle Projection (USDCAD) 2012-08-163DP Odds Table (USDCAD) 2021-08-163DP Odds Table (USDCAD) 2019-08-15Precog Vision – Forex 2019-7-19USDCAD Sep 12 to Sep 16 Outlook3DP Odds Table (USDCAD) 2021-08-12Intraday Cycle Projection (USDCAD) 2021-01-28Intraday Cycle Projection (USDCAD) 2012-11-15
As Featured In
USDCAD Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support / Y-2 by end of the week. Closed the week below Y-1 and midpoint.
Outlook
Channel resistance now lowered to Y-0 area. Clearing that will give way to retest the November high.
For now, we have to assume the channel will continue to dictate the price with a bounce back up to channel top likely.
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