Recap Tight range consolidation near Y-0 first half of the week. Then the whiplash mentioned last week came. First a push towards Y+1 and failed. Then collapsed at the end of the week to near Y-1 and quickly bounced back up. Closed the week near midpoint and Y-0.
Outlook Inside week. Y-0 near B-0. Signs of equilibrium. A strong breakout is in the making. Due to the fact that the tight range came from an up swing, breakout upside has better chance to succeed.
Lawrence's Comment
Recap
Gap up turned into breakout failure. Gave us an excuse to send NQ back down to Y-0. Tagged Y-0 and failed to push it lower since. Then ...
Lawrence's Comment
Recap
Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from ...
Lawrence's Comment
Recap
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. ...
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Lawrence's Comment
Recap
A wild turnaround Monday followed by total collapse Tuesday. Tagged Y-2 as expected. Then fighted to stay within 100% absolute range expansion and above 1400 multiple times. ...
USDCAD Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Tight range consolidation near Y-0 first half of the week. Then the whiplash mentioned last week came. First a push towards Y+1 and failed. Then collapsed at the end of the week to near Y-1 and quickly bounced back up. Closed the week near midpoint and Y-0.
Outlook
Inside week. Y-0 near B-0. Signs of equilibrium. A strong breakout is in the making. Due to the fact that the tight range came from an up swing, breakout upside has better chance to succeed.
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