Recap Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
Lawrence's Comment
Recap
Breakout to the upside and tagged target 1.40 and the next higher target of Y+3. Euro has now come back in full circle back to the price level ...
Lawrence's Comment
Recap
Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint.
Outlook
Inside week and extreme tight range. Breakout play ...
Lawrence's Comment
Recap
Test of Y+1 and failed, sell back down to Y-0. Bounced off Y-0 and retest Y+1 again. The new low breaking the low made earlier in the ...
Lawrence's Comment
Recap
Y-0 turned into support by mid week. Y-0 sent this up to Y+1. Y+2 was eventually tagged. Closed the week above Y+1 and near week high.
Outlook
The weekly ...
USDCAD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook
Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
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