Recap No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
Outlook Still trapped in the same weekly level tight range but daily 1-2-3 buy setup is in the making with breakout above Y+1 to confirm with target year high.
Lawrence's Comment
Recap
Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed the week ...
Lawrence's Comment
Recap
Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish ...
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 11 to Jul 15 Outlook
Lawrence’s Comment
No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint.
Outlook
Still trapped in the same weekly level tight range but daily 1-2-3 buy setup is in the making with breakout above Y+1 to confirm with target year high.
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