Lawrence's Comment
Recap
Gap up and traded above Y+1 has turned into a false breakout. That set the stage for a selloff to Y-1. Yet right before Y-1 was tagged, ...
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
There are certain weekly statistics that forex traders should know about the majors. These statistics by themselves do not give you very strong bias to lean on. In combination, however, ...
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 Dec 12 to Dec 16 Outlook
Lawrence’s Comment
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over the coming 2 weeks as major players winding down before the holidays.
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