Recap As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of Y-1. 100% absolute range expansion reached and bounced back to midpoint before closing lower.
Outlook B-1 retest likely.
Breaking below points to a potential 3rd push down to 1.00 area.
Lawrence's Comment
Recap
Breakout below Y-1 gave us Y-2 minimal target. Interesting twist from there, however, was the quick rally back upto Y-0 to end the week.
Outlook
Downside breakout failure on weekly ...
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
USDCAD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of Y-1. 100% absolute range expansion reached and bounced back to midpoint before closing lower.
Outlook
B-1 retest likely.
Breaking below points to a potential 3rd push down to 1.00 area.
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