Lawrence's Comment
Recap
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout ...
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
Consolidation at 50% range found support above Y-0 and sent this back up to Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Y+1 resistance points to potential ...
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
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and ...
Lawrence's Comment
Recap
Perfect breakdown from the beginning of the week gave us a very volatile move down to my target from last week. Not an easy ride down at all. Closed ...
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 16 to Jan 20 Outlook
Lawrence’s Comment
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. That points to market forces from higher timeframe is in control.
Retest of B+1 in play. Reaction at that price level will determine if this pair is entering a congestion phase.
Share