Lawrence's Comment
Recap
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout ...
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 26 to Dec 30 Outlook
Lawrence’s Comment
Failed to go higher as expected, broken below Y-0. Target of Y-1 reached by end of the week. Closed the week near Y-1.
Outlook
As long as B-0 acting as resistance, Loonie is trapped between B-0 down to B-1. If B-1 is taken out, B-2 will be tagged quickly.
Share