Lawrence's Comment
Recap
Deep pullback to Y-0 as expected. Closed the week near Y-0 and week low.
Outlook
Potential significant top in place as NQ new high was not comfirmed by Dow ...
Lawrence's Comment
Recap
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 ...
Lawrence's Comment
Recap
Y-1 support zone spike test gave us a run back to Y-0. Instead of a clean test, we got a stair step / bear flag like action testing Y-0 ...
Lawrence's Comment
Recap
Upside target tagged. Breakout right after and zoomed to almost Y+3. Closed the week at Y+2 and above midpoint.
Outlook
As mentioned last week, uptrend is intact thus aussie ...
Lawrence's Comment
Recap
Steady decline from below Y-0 resistance. Testing long term support 1.12 from below and failed to clear it. Closed the week below Y-1 and near week low.
Outlook
Down ...
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 Jan 30 to Feb 03 Outlook
Lawrence’s Comment
Sold off to 1.0 as expected. Sometimes some markets are easier to trade at times like this one. Closed the week at the low.
Outlook
Critical juncture. Multiple timeframes all pinning at this 1.0 at par zone as the support zone for the weekly bullish trend to continue.
Will wait for confirmed swing away from the zone before jumping in.
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