Lawrence's Comment
Recap
Traded similarly to Dow, sold off to Y-2 and bounced back upto Y-1 to close the week.
Outlook
Trade above B-0 and that it turns into support, Y+1 will be ...
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
Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low.
Outlook
For short term ...
USDCAD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Trapped inside Y-1 to Y+1. The spike and ledge formation is intact. Closed the week below midpoint and is an inside week.
Outlook
Breakout formation in place. The breakout direction will last for at least a week and will be the preferred swing trading setup.
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