Recap As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.
Outlook Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above Y+1 and midpoint. That means clearing B+1 will give us a run to B+3 easily. Not a good time to go against the trend until B-1 is breached.
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
Mentioned hands off this pair last week. It was a good decision. Euro managed to hold Y-0 and pushed higher since. Not only did it managed to clear Y+1, ...
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
Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint.
Outlook
Wide range week with ...
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 01 to Jul 05 Outlook
Lawrence’s Comment
As expected, Loonie consolidated around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Bullish setup for US dollar to further strengthen against Loonie as consolidation ended with a close above Y+1 and midpoint. That means clearing B+1 will give us a run to B+3 easily. Not a good time to go against the trend until B-1 is breached.
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