Recap Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week at week high and near Y-0.
Outlook US dollar definitely gaining ground against Loonie. As long as B-0 is acting as support, retest of Y+1 very likely.
Lawrence's Comment
Recap
Unlike Dow, NQ successfully breakout early in the week and Y+1 has been acting as support all the way. Then the rally pushed NQ to our upside ...
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 11 to Feb 15 Outlook
Lawrence’s Comment
Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week at week high and near Y-0.
Outlook
US dollar definitely gaining ground against Loonie. As long as B-0 is acting as support, retest of Y+1 very likely.
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