Recap Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks messing around.
Outlook Loonie is developing a spike and ledge. If B-1 is broken without any upside breakout or breach of B+1 at all, a selloff can take it down to Y-3.
Lawrence's Comment
Recap
Cleared Y-0, so gave us a go for a run above Y+1. Then before tagging Y+2, there came the news shock from G20. That trigger the 2nd setup mentioned ...
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
Lawrence's Comment
Recap
Y-0 support sent Dow back up to Y+1 for a test. We know it is strong resistance and Dow reacted to it and dropped straight down to Y-1. The ...
USDCAD Aug 22 to Aug 26 Outlook
Lawrence’s Comment
Y-0 down to Y-1 acted as support as expected but the rally failed to retest Y+1 as the second half of the week we got more news shocks messing around.
Outlook
Loonie is developing a spike and ledge. If B-1 is broken without any upside breakout or breach of B+1 at all, a selloff can take it down to Y-3.
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