Recap Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
Lawrence's Comment
Recap
Y-1 was not touched and we get the rally we expected. Better yet, it is exactly 200% absolute range expansion. What more can we ask for?
Outlook
200% absolute ...
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
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
Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint.
Outlook
For the breakout to continue, Y-1 must ...
USDCAD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook
Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
Share