Recap Test of Y+1 led to breakout to the upside. Breakout target Y+3 was tagged by the end of the week. Closed the week above Y+2 and near week high.
Outlook Stop run actions were seen. B-0 / Y+1 support until proven otherwise. A pullback to support can happen but not necessary. Consolidation week around previous week close is expected.
Lawrence's Comment
Recap
As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the ...
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 Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Test of Y+1 led to breakout to the upside. Breakout target Y+3 was tagged by the end of the week. Closed the week above Y+2 and near week high.
Outlook
Stop run actions were seen. B-0 / Y+1 support until proven otherwise. A pullback to support can happen but not necessary. Consolidation week around previous week close is expected.
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