Recap Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% range expansion before a bounce. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook Consolidation after the wild swings over past few weeks is normal. Y-0 / B-0 resistance points to retest of B-1 and potential drop to B-2. This pullback, however, can take several weeks to unfold.
Lawrence's Comment
Recap
Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint.
Outlook
End of ...
Lawrence's Comment
Recap
Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below ...
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
USDCAD Feb 09 to Feb 13 Outlook
Lawrence’s Comment
Yeary STOPD expansion target Y+1 stopped the run and led to the first significant pullback in months. Directional drop from previous week close straight down to Y-1 and 100% range expansion before a bounce. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook
Consolidation after the wild swings over past few weeks is normal. Y-0 / B-0 resistance points to retest of B-1 and potential drop to B-2. This pullback, however, can take several weeks to unfold.
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