Recap Took a week to form the bottom and finally rallied back above 1.0.
Outlook Tough battle for US dollar here.
To form a good bottom from here, US dollar may have to keep fighting at this area for some time to build a sustainable base. That also means Loonie and Aussie will stop moving in high correlation going forward.
For coming week, it is likely the pair will find resistance at B+2 quickly.
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
ContentReviewEuro Weekly Pullback ContinuesS&P Just Formed an Interesting Tradable PatternGold Almost ThereBitcoin Last Push in Progress10-Year Note Down Trend in PlaceBig Picture SummaryReviewEuro dropped as expected due to the spike ...
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
Uptrend intact as B-0 never challenged. Y+3 strong up move target tagged. Closed the week near Y+3 and week high.
Outlook
Euro successfully crushed the bears as Fed declared ...
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 13 to Feb 17 Outlook
Lawrence’s Comment
Took a week to form the bottom and finally rallied back above 1.0.
Outlook
Tough battle for US dollar here.
To form a good bottom from here, US dollar may have to keep fighting at this area for some time to build a sustainable base. That also means Loonie and Aussie will stop moving in high correlation going forward.
For coming week, it is likely the pair will find resistance at B+2 quickly.
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