Trading Edges That Last
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Lawrence's Comment Recap The selloff in the beginning of the week failed to produce a lower low to break the up trend. Rallied to new high by midweek due to ...READ MORELawrence's Comment Recap Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1. Outlook Inside week. ...READ MORELawrence's Comment Recap Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO ...READ MORELawrence's Comment Recap Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint. Outlook As mentioned last week, "it looks like weekly level pullback but should be treated as consolidation". ...READ MORES&P 500 Oct 24 to Oct 28 OutlookDow 30 Jan 06 to Jan 10 OutlookUSDCAD Mar 12 to Mar 16 OutlookGBPUSD Nov 18 to Nov 22 OutlookIntraday Cycle Projection (USDCAD) 2011-07-26Intraday Cycle Projection (USDCAD) 2011-08-19USDJPY Jul 22 to Jul 26 OutlookIntraday Cycle Projection (USDCAD) 2021-09-083DP Odds Table (USDCAD) 2021-03-04Hot n Cold (USDCAD) 2022-6-24
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USDCAD Feb 20 to Feb 24 Outlook
Lawrence’s Comment
A minor data problem affected the chart. Week high was 1.05 area which was a challenge of the resistance zone and failed. Closed the week below Y-0 and midpoint.
Outlook
As mentioned last week that even if USD is strengthening, it will take time before it can rally off this support area. The struggle obviously is still going on.
Still looking for a base to form in this area but not much expectation for good moves yet.
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