Recap Y+1 resistance led to reversal back down to spike up move crime scene down below near Y-1. Y-1 tagged and unlocked further selling. Closed the week below Y-1 and near week low.
Outlook Measured down move on daily. Y-2 / B-1 support will send this back up to B-0.
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
As expected, rallied most of the week once a low was established on Monday. 200% absolute range expansion completed and stalled from there. Closed the week above 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
USDCAD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Y+1 resistance led to reversal back down to spike up move crime scene down below near Y-1. Y-1 tagged and unlocked further selling. Closed the week below Y-1 and near week low.
Outlook
Measured down move on daily. Y-2 / B-1 support will send this back up to B-0.
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