Recap Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed the week near Y+2 and above midpoint.
Outlook More upside is in store. FBO againt B+1 will give us a pullback to B-0 / Y+1.
Lawrence's Comment
Recap
Selloff target Y-2 tagged first thing of the week. W. spring against Y-2 sent NQ back above Y-1. Again, another spring from Y-1 sent NQ up and gap ...
Lawrence's Comment
Recap
As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low.
Outlook
1.33 target still ...
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 Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed the week near Y+2 and above midpoint.
Outlook
More upside is in store. FBO againt B+1 will give us a pullback to B-0 / Y+1.
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