Recap Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook 3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
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
Best behaving pair last week. Consolidation around previous week close at 50% week range. Closed the week near Y+1 and week high.
Outlook
Breakout above Y+1 / B+1 points ...
USDCAD Feb 03 to Feb 07 Outlook
Lawrence’s Comment
Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint.
Outlook
3 pushes up downside target still not tagged yet. As long as Y+1 can cap the upside push, should see B-1 and lower price levels.
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