Recap Y-0 acted as resistance keeping the price lower. Closed the week below Y-1.
Outlook The intention is clear – to test the par level 1.00. How the price react from that will tell us if the pair can find a higher low at 1.00 and continue its daily level rally.
Failing to hold 1.00 will induce a quick selloff back down to monthly support zone back down at 0.98 area
Lawrence's Comment
Recap
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the ...
Lawrence's Comment
Recap
Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint.
Outlook
A irregular down channel in place ...
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
ES dropped back to Y-0 as expected. The breakdown scenario also unfolded right after. ES found support after testing the swing low on daily. Closed the week near Y-1 ...
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
USDCAD Oct 24 to Oct 28 Outlook
Lawrence’s Comment
Y-0 acted as resistance keeping the price lower. Closed the week below Y-1.
Outlook
The intention is clear – to test the par level 1.00. How the price react from that will tell us if the pair can find a higher low at 1.00 and continue its daily level rally.
Failing to hold 1.00 will induce a quick selloff back down to monthly support zone back down at 0.98 area
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