Lawrence's Comment
Recap
Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive ...
Lawrence's Comment
Recap
Started the week testing Y-0 from below and failed to push higher. That gave us a drop to Y-1. FBO at Y-1 sent ninja higher. Found resistance at the ...
Lawrence's Comment
Recap
Gap above Y+1 at the start of the week forced another systematic squeeze on shorts. Tight range all week. At the final hours on Friday, rallied to ...
Lawrence's Comment
Recap
Expected to see lower price and we got that. It turned into a FBO against Y-1 which triggered the Y+1 target. Y+1 only offered a pause. Closed the week ...
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USDCAD Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Failed to go higher as expected, broken below Y-0. Target of Y-1 reached by end of the week. Closed the week near Y-1.
Outlook
As long as B-0 acting as resistance, Loonie is trapped between B-0 down to B-1. If B-1 is taken out, B-2 will be tagged quickly.
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