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
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
Lawrence's Comment
Recap
A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag ...
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Lawrence's Comment
Recap
Sold off early in the week with Dow leading to the downside. This time ES was influenced by Dow more than NQ. Back down to support ES bounced off ...
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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