Recap Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low.
Outlook Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past several weeks. Back to wait and see mode.
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Lawrence's Comment
Recap
Gap up early in the week failed to push above Y+1. Formed a double top and sold off from there. Flushed to Y-2 as expected. Bounced quickly ...
Lawrence's Comment
Recap
Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above ...
ContentReviewEuro Weekly Pullback ContinuesS&P Just Formed an Interesting Tradable PatternGold Almost ThereBitcoin Last Push in Progress10-Year Note Down Trend in PlaceBig Picture SummaryReviewEuro dropped as expected due to the spike ...
USDCAD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low.
Outlook
Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past several weeks. Back to wait and see mode.
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