Trading Edges That Last
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Lawrence's Comment Recap 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 ...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 Lifted higher to resistance before the test of Y-1, giving it enough fuel to break below Y-1 for 100% absolute range expansion before stopping. Closed the week at ...READ MOREContent Review Euro Hidden Strength S&P Yearly Range Expansion Target Reached Gold Bullish Scenario Taking Shape ...READ MOREIntraday Cycle Projection (USDCAD) 2022-09-20Intraday Cycle Projection (USDCAD) 2022-12-263DP Odds Table (USDCAD) 2014-02-03Intraday Cycle Projection (USDCAD) 2017-11-27Intraday Cycle Projection (USDCAD) 2023-03-14USDCAD Aug 26 to Aug 30 OutlookPrecog Vision – Forex 2022-1-73DP Odds Table (USDCAD) 2017-07-27GBPUSD Sep 05 to Sep 09 OutlookMBO Issue 73 (Jan 2018) End of Socialism
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USDCAD May 13 to May 17 Outlook
Lawrence’s Comment
Went lower as expected. It was interesting that it dropped in a slow 3 pushes down pattern. Before Y-2 was tagged, the pattern zoomed the pair back up to where it started at Y-0. Closed the week above midpoint and below Y-0.
Outlook
Part of the overall US dollar strengthening as the effect of BOJ’s action has now leaked into the other pairs. As long as B-0 acting as support, retest of B+1 is likely. Looking for B+2 to be challenged as long as Y-1 can hold this pair up should it choose to push below B-0.
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