Trading Edges That Last
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Lawrence's Comment Recap Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...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 Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint. Outlook As long as B+1 acting as resistance we ...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 MOREIntraday Cycle Projection (USDCAD) 2012-08-30USDCAD Feb 14 to Feb 18 OutlookGBPUSD Mar 28 to Apr 01 OutlookWeekly Cycle Projection (USDCAD) 2012-12-17Precog Vision – Forex 2020-11-18Dow 30 Nov 02 to Nov 06 Outlook3DP Odds Table (USDCAD) 2018-10-23GBPUSD Sep 18 to Sep 22 OutlookPrecog Vision – Forex 2014-3-11EURUSD Apr 08 to Apr 12 Outlook
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USDCAD Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Test of Y+1 rejected. Dropped back down to Y-0 and found support. 2nd attempt led to all out selloff back down to 100% absolute range expansion. Found support there again and bounced back up. Closed the week near Y+1 and above midpoint.
Outlook
Thanksgiving week in US will slow down currency trading a lot. In fact, this is the start of the holiday season for which trading in many markets will get lower volume and reduced volatility.
If we see consolidation actions this week again with further gain into the 1.34 area, another upside break will carry this up to 1.36 area quickly.
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