Recap Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.
Outlook This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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
Last week was one of the most volatile option expiration week in recent months. Y-0 held early in the week gave us a run to Y+2. Y+2 rejected we ...
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
2-way action around previous week close. Head and shoulder breakdown capped by higher timeframe support below and led to a squeeze higher back up to shoulder top. Closed the ...
Lawrence's Comment
Recap
The mechanical down push continues in first half of the week and then the trend was broken. After FBO against the low established earlier in the week and failed ...
USDCAD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all markets into chaos. See this and the related articles as the situation develops over the weekend.
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