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
17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...
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 ...
Lawrence's Comment
Recap
Aussie failed to clear Y+1, gave us the perfect selloff as mentioned last week back down to Y-2. Y-2 did not even put in a fight and gave us ...
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 30 to Feb 03 Outlook
Lawrence’s Comment
Sold off to 1.0 as expected. Sometimes some markets are easier to trade at times like this one. Closed the week at the low.
Outlook
Critical juncture. Multiple timeframes all pinning at this 1.0 at par zone as the support zone for the weekly bullish trend to continue.
Will wait for confirmed swing away from the zone before jumping in.
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