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.
For 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 schedule
Lawrence's Comment
Recap
Y+1 did not act as resistance. Euro simply zoomed thru it and that it turns into support. That gave us Y+2 and above as target. Euro zoomed higher above ...
Lawrence's Comment
Recap
Consolidation around Y+1 with obvious weaknesses as more of the time was spent below Y+1. Closed the week below Y+1 and midpoint.
Outlook
Potential DT in the making as mentioned last ...
Lawrence's Comment
Recap
Nasdaq has a cleaner failed breakout than Dow early in the week. Yet it did not drop to Y-1 at all, until euro zone news shock sending ...
For 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 schedule
For 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 schedule
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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