Trading Edges That Last
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Lawrence's Comment Recap More upside as projected. Sideway actions around Y+1 is normal after wide range reversal week. Closed the week above Y+1 and midpoint. Outlook As long as Y+1 / B-0 ...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 As expected intervention triggered. But at least half of that disappeated by Friday close. Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all ...READ MOREIntraday Cycle Projection (USDCAD) 2018-08-09Precog Vision – Forex 2011-3-27Precog Vision – Forex 2018-1-11S&P 500 Aug 15 to Aug 19 Outlook3DP Odds Table (USDCAD) 2014-08-04Precog Vision – Forex 2013-6-273DP Odds Table (USDCAD) 2014-09-22USDJPY Aug 08 to Aug 12 OutlookIntraday Cycle Projection (USDCAD) 2011-12-23Intraday Cycle Projection (USDCAD) 2019-09-13
As Featured In
USDCAD Sep 15 to Sep 19 Outlook
Lawrence’s Comment
USD advantage to tag Y+1 turns into all out rally tagging Y+2. Y+1 then turned into support giving us another leg higer to Y+3. Closed the week above Y+3 and near week high.
Outlook
Strength in USD partly comes from ECB news and partly due to its safe haven status in time of instability. Up trend established on 4 hours. As long as B-0 / Y+2 acting as support there is no reason to go bearish on the pair, yet.
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