Recap Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
Lawrence's Comment
Recap
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.
Outlook
Short term top in place meaning ...
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
My staff still not able to take care of the data issue. I will look into this myself this week.
Aussie in consolidation drifting back up to test Y+1 eventually. ...
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 Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook
Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
Share