Recap 3rd push higher above Y+1 failed to clear monthly resistance. Y+1 turning into resistance since sending this back down to Y-0. Closed the week near Y-0 and week low.
Outlook The fight to clear monthly resistance and break weekly level support continues. B-2 / Y-1 strong support until proven otherwise.
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
Lawrence's Comment
Recap
2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1.
Outlook
No one dare to challenge BOJ hence the choppy actions and lack ...
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 02 to Nov 06 Outlook
Lawrence’s Comment
3rd push higher above Y+1 failed to clear monthly resistance. Y+1 turning into resistance since sending this back down to Y-0. Closed the week near Y-0 and week low.
Outlook
The fight to clear monthly resistance and break weekly level support continues. B-2 / Y-1 strong support until proven otherwise.
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