Recap Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint.
Outlook As noted several weeks ago, the weekly support underneath is strong and that it is more likely we see a push towards year high for a retest. If B-0 / Y+1 zone acting as support, a run towards 1.35 and above is likely.
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
First test of year high led to a pullback to Y-0 but no break of support. 2nd try did the trick and sent ninja to above Y+2. That in ...
Lawrence's Comment
Recap
Consolidation after the wide range run is normal. Pullback to near Y-0. Closed the week above Y-0 and near midpoint.
Outlook
No confirmation for a blowoff top as Y-0 ...
USDCAD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint.
Outlook
As noted several weeks ago, the weekly support underneath is strong and that it is more likely we see a push towards year high for a retest. If B-0 / Y+1 zone acting as support, a run towards 1.35 and above is likely.
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