Recap Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint.
Outlook The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a renewal of the up trend on daily is in the making.
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
Short squeeze triggered after ninja refused to go below Y-0 at all. Then normal upside expansion to Y+2 before it stopped. Closed the week near week high and below ...
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 10 to Nov 14 Outlook
Lawrence’s Comment
Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint.
Outlook
The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a renewal of the up trend on daily is in the making.
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