Recap Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook 3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
Lawrence's Comment
Recap
Weakest of the 3 indices, resistance at Y+1 all week and collapsed down to near Y-3 as expected. Closed the week near Y-2 and week low.
Outlook
There is ...
Lawrence's Comment
Recap
1320 upside target tagged first thing in the week. Struggling at 1320, eventually fall back down to Y+1. The test confirmed its strength and that put Y+2 ...
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
A simple forex trading signal that exploits the mean reversion behaviour of Euro and its Monday weaknesses. Do not underestimate a simple system like this. It is a very ...
USDCAD Feb 03 to Feb 07 Outlook
Lawrence’s Comment
Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook
3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
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