Recap First test of Y-1 led to pullback to Y-0. Y-0 held very well and gave us Y+2. Then euro zone news shock sending the pair all the way back to Y-1. Closed the week at week low near Y-1.
Outlook News driven market. The stage is set to flush out the longs from the past few weeks. As long as Y-0 to B-0 acts as resistance, new low is expected for next week.
Lawrence's Comment
Recap
W. upthrust against Y+1 in beginning of the week set up the pair for a drop to Y-1. Tagged Y-1 and bounced. closed the week near Y-1.
Outlook
The ...
Lawrence's Comment
Recap
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint ...
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
Euro tagged Y-1 and then rejected it on a retest, giving us the Y+1 target as mentioned last week. Euro zoomed through Y+1 and Y+2 quickly. Closed the week ...
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 Jul 02 to Jul 06 Outlook
Lawrence’s Comment
First test of Y-1 led to pullback to Y-0. Y-0 held very well and gave us Y+2. Then euro zone news shock sending the pair all the way back to Y-1. Closed the week at week low near Y-1.
Outlook
News driven market. The stage is set to flush out the longs from the past few weeks. As long as Y-0 to B-0 acts as resistance, new low is expected for next week.
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