Trading Edges That Last
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Lawrence's Comment Recap Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted ...READ MOREContentReviewEuro Not Ready To Move YetS&P Moment of TruthGold Pullback Window Almost OverBig Picture SummaryReviewEuro is stuck as expected thanks to Brexit and other mess they are dealing with.S&P managed ...READ MORELawrence's Comment Recap Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...READ MOREHot n Cold (USDCAD) 2023-5-1Precog Vision – Forex 2015-1-23DP Odds Table (USDCAD) 2017-09-14AUDUSD Nov 21 to Nov 25 OutlookMBO Issue 96 (Dec 2019) Let the ChaosUSDCAD Nov 14 to Nov 18 Outlook3DP Odds Table (USDCAD) 2020-12-173DP Odds Table (USDCAD) 2015-08-28Intraday Cycle Projection (USDCAD) 2012-11-09USDCAD Dec 30 to Jan 03 Outlook
As Featured In
USDCAD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
US dollar crushed Loonie last week. Instead of pulling back to Y-2 to Y-3 first for a proper bottom, Y-0 acted as support and forced a powerful squeeze to Y+5. Closed the week above Y+3 and midpoint.
Outlook
Squeeze type rally cannot last, retest of previous resistance area is necessary to confirm the strength. That puts Y+3 / B-0 in play. Consolidation between B-0 and Y+5 likely.
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