Recap Consolidation around Y+1 as expected. Since it is consolidation, both Y+2 and Y-0 were not tagged. Closed the week above Y+1 and midpoint.
Outlook 3rd week into this up drift formation along a support trendline. A break of B-0 early this week can lead to a pullback down to Y-0 and below. Not necessary a steep selloff. Prices do not stay in a structured formation for long so chaos in the making.
Lawrence's Comment
Recap
Dip to Y-1 and bounced back up to Y-0. Closed the week at midpoint.
Outlook
As mentioned last week, this pair has produced a long term bottom and buying ...
Lawrence's Comment
Recap
No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the ...
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Lawrence's Comment
Recap
Got the pullback/ Yet not quite down to Y-0. Got the rally to new high, yet not quite up to the target Y+2. Behaved like a consolidation week in ...
Lawrence's Comment
Recap
Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint.
Outlook
Wait and see mode as Aussie parked at the same level again. Breaking below ...
USDCAD May 27 to May 31 Outlook
Lawrence’s Comment
Consolidation around Y+1 as expected. Since it is consolidation, both Y+2 and Y-0 were not tagged. Closed the week above Y+1 and midpoint.
Outlook
3rd week into this up drift formation along a support trendline. A break of B-0 early this week can lead to a pullback down to Y-0 and below. Not necessary a steep selloff. Prices do not stay in a structured formation for long so chaos in the making.
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