Recap Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week near Y-2 and week low.
Outlook Stop hunt driven move does not last. Y-2 / Y-3 strong support on higher tiimeframes. Support zone holds a retest of Y-1/ B-0 from below is likely.
Lawrence's Comment
Recap
Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that's exactly what happened right after. 100% absolute range expansion ...
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
Aussie found resistance from Y+1 resistance zone and stalled back down to near the crime scene below. Closed the week below Y-0 and midpoint.
Outlook
Y-0 / B-0 confirmed resistance with ...
USDCAD Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week near Y-2 and week low.
Outlook
Stop hunt driven move does not last. Y-2 / Y-3 strong support on higher tiimeframes. Support zone holds a retest of Y-1/ B-0 from below is likely.
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