Trading Edges That Last
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Lawrence's Comment Recap Ninja attempted to hold Y-1 but capped by 118 round number. Eventually flushed down to equal distance from previous week close. Closed the week below Y-1 and midpoint. ...READ MORELawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...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 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 MOREUSDJPY Jan 18 to Jan 22 Outlook3DP Odds Table (USDCAD) 2019-07-10Intraday Cycle Projection (USDCAD) 2013-12-253DP Odds Table (USDCAD) 2016-02-183DP Odds Table (USDCAD) 2019-10-07Intraday Cycle Projection (USDCAD) 2014-12-31AUDUSD Jan 16 to Jan 20 Outlook3DP Odds Table (USDCAD) 2012-08-14Precog Vision – Forex 2023-5-2Precog Vision – Forex 2011-6-1
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USDCAD Jun 23 to Jun 27 Outlook
Lawrence’s Comment
Spike low against Y-1 gave us Y-0 as expected. Y-0 resistance forced a drop back down to Y-1. As gold zoomed higher late in the week, it gave fuel to the pair for full breakout down to Y-3. Closed the week below Y-2 and near week low.
Outlook
1.08 is historically important price level. Jumping through it due to stop run implies a retest will have to happen in the near future. Short side not in control until proven otherwise. The test of 1.08 / B-0 will clue us in.
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