Recap Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
Recap
Pushed above Y-0 yet fail to hold up. Dropped quickly to Y-1 target zone. Mid week bounce created the midpoint for the week and closed the week at Y-1 ...
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Lawrence's Comment
Recap
Euro weekly bear flag progressed up to Y+2. News shock and discovery of stops sent Euro up to Y+3 and then Y+4. Closed the week above Y+3 and midpoint.
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USDCAD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook
Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
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