Trading Edges That Last
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Lawrence's Comment Recap As expected the test of Y+1 has failed. Minimal target at Y-0 was tagged. But the pullback was very slow. Closed the week above Y-0 and below midpoint. Outlook Similar to ...READ MORELawrence's Comment Recap As expected, a bounce to Y-0 could not be avoided and that it would not stop the bounce also materialized. The interesting thing is that it was done through ...READ MORELawrence's Comment Recap Y+2 capped the rally and sold off quickly off there as mentioned last week. Closed the week below Y+1. Outlook As long as B-0 to B+1 area acts as ...READ MOREMost of the time, when we are looking for a pip calculator, we are not doing that for educational purpose. There is usually a need, a pretty urgent one, to ...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 MORE3DP Odds Table (USDCAD) 2020-11-04AUDUSD Aug 08 to Aug 12 OutlookHot n Cold (USDCAD) 2011-11-3AUDUSD Jul 26 to Jul 30 OutlookUSDJPY Apr 28 to May 02 OutlookDow 30 Apr 29 to May 03 OutlookDow 30 Jan 30 to Feb 03 Outlook3DP Odds Table (USDCAD) 2020-05-12The Best Pip Calculator on the NetPrecog Vision – Forex 2017-3-9
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USDCAD Feb 28 to Mar 04 Outlook
Lawrence’s Comment
The spike high was made at Y+2 and Y+1 did not show any signs of support. That implies the other extreme is in play according to STOPD and indeed the pair sold off to Y-1 and then Y-2.
Outlook
Depending on the close of the month, there are 2 distinctly different scenarios that are more likely to happen.
Closing the month above Y-1, the pair will snap back up to B-0 as first target. and likely rally to Y+1 before it pause.
Closing the month below Y-1, range expansion to the downside will be more likely and this time it is monthly STOPD levels in play.
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