Trading Edges That Last
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Lawrence's Comment Recap As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but ...READ MORELawrence's Comment Recap Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint. Outlook Although euro ...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 MOREPrecog Vision – Forex 2021-10-7AUDUSD Jun 07 to Jun 11 OutlookAUDUSD Nov 27 to Dec 01 OutlookUSDJPY Oct 05 to Oct 09 Outlook3DP Odds Table (USDCAD) 2011-06-03EURUSD Mar 23 to Mar 27 OutlookIntraday Cycle Projection (USDCAD) 2013-10-17Precog Vision – Forex 2019-10-7USDCAD Sep 06 to Sep 10 Outlook3DP Odds Table (USDCAD) 2018-07-25
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USDCAD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Gold trashed so our bullish scenario played out. Got Y+1 in 1 go. End of week final squeeze pushed price even higher after 100% absolute range was reached. Closed the week above Y+1 and near week high.
Outlook
Breakout play not completed yet. 1.12 is the well-known parking spot for Loonie when it is weak. As long as Y+1 acting as support we should see that before Loonie will make a decision. 1.12 resistance points to steep pullback to B-0.
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