Trading Edges That Last
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Lawrence's Comment Recap Consolidation week at 50% range. Closed the week beow Y-1 and near week low. Outlook Quick drop to B-2 points to weekly range expansion down to Y-3 potential. Grexit ...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 Ninja tested Y+1 and failed to clear it. Dropped back down to Y-0 and found support. 2nd attempt at Y+1 cleared it and moved higher until 100% absolute range ...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 MOREGBPUSD May 16 to May 20 Outlook3DP Odds Table (USDCAD) 2020-06-02Intraday Cycle Projection (USDCAD) 2016-11-30Precog Vision – Forex 2011-10-17S&P 500 Jul 09 to Jul 13 OutlookUSDCAD Jul 15 to Jul 19 OutlookUSDJPY Dec 07 to Dec 11 OutlookIntraday Cycle Projection (USDCAD) 2022-11-18Precog Vision – Forex 2022-8-9Intraday Cycle Projection (USDCAD) 2018-06-06
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USDCAD Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Another easy play for the week. Dropped to Y-1 as expected. consolidated between Y-0 and Y-1. Dropped further down to 100% expansion of the consolidation. Closed the week near Y-1 and below midpoint.
Outlook
Not quite a selloff we have last week. More like stop discovery. Potential down channel in place.
Until down channel is broken, price should be trapped inside and follow the formation drifting lower.
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