Lawrence's Comment
Recap
We got our downside move and we got way more than we asked for. Not just y-2 was tagged, Yen slided all the way to below Y-3 and ...
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
Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and ...
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 Aug 15 to Aug 19 Outlook
Lawrence’s Comment
The pair was doing a standard consolidation below Y+2 and above Y-0 after a strong week. Closed the week at Y+1.
Outlook
The consolidation points to a retest of B+1 likely. That also means B-1 down to Y-0 should act as support this coming week.
Share