Recap Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
Lawrence's Comment
Recap
NQ was the odd one out as it kept dropping due to the selloff in Google and Apple. After 3 pushes down and 100% absolute range expansion, NQ found ...
Lawrence's Comment
Recap
Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint.
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USDCAD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook
Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
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