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Lawrence's Comment Recap Unlike Dow or ES, I have mentioned that NQ cleared an important resistance zone, thus it can go higher still. Here it is, zooming upto Y+3 normal ...READ MORELawrence's Comment Recap Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint. Outlook Y-1 / B-1 support ...READ MORELawrence's Comment Recap Consolidation around previous week close as expected. 50% range. Closed the week above Y-0 and near midpoint. Outlook The consolidation exposed the weaknesses in Aussie as the reaction to Y+1 was ...READ MORENasdaq 100 Aug 03 to Aug 07 OutlookIntraday Cycle Projection (USDCAD) 2012-08-01USDJPY Apr 13 to Apr 17 OutlookNasdaq 100 Feb 06 to Feb 10 OutlookUSDCAD Apr 27 to May 01 OutlookAUDUSD May 19 to May 23 OutlookIntraday Cycle Projection (USDCAD) 2014-06-19Intraday Cycle Projection (USDCAD) 2016-06-28EURUSD Dec 19 to Dec 23 OutlookIntraday Cycle Projection (USDCAD) 2023-04-06
As Featured In
USDCAD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Was consolidating until BOC surprised the world with a rate cut. Surprise breakout target of 200% range expansion tagged by the end of the week. Closed the week above Y+4 and near week high.
Outlook
Canada is an exporter of natural resources and rate cut does not improve its competitiveness in those markets even though Loonie took a direct hit. Long term negative impact on economic growth will be felt in 6 months.
More upside likely this week as many shorts are trapped. 1.26 is next mild resistance zone that may put a pause to the run.
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