Recap Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
Lawrence's Comment
Recap
Similar to prior weeks, the initial weaknesses from the gap down on monday resulted in quick rejection to even tagging Y-1. That set the stage to break ...
Lawrence's Comment
Recap
Was looking for a down move and we got it. Seasonal bias gave us the strong swing down til Thursday. Closed the week below Y-1 and midpoint.
Outlook
The seasonal bearish ...
Lawrence's Comment
Recap
Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...
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 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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