Recap Holiday activity kept Loonie going sideway. Consolidation around Y-1 until the end of the week. Closed the week at Y-1 and near midpoint.
Outlook No information from the past week due to holiday. Coming week will be important in setting the tone for this 3rd quarter. If B+1 is breached by a strong move, it will be confirmation that a reversal is in place 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
Lawrence's Comment
Recap
Unlike NQ, Dow refused to even consolidate below Y+1. Instead it popped higher and sit above Y+1. Eventually that led to the upside breakout and doubled the range of ...
Lawrence's Comment
Recap
Bearish scenario unfolded exactly as predicted. Downside target B-2 tagged and closed the week below Y-1.
Outlook
A retest of B-1 is likely. B-0 should act as resistance until B-1 ...
USDCAD Jul 07 to Jul 11 Outlook
Lawrence’s Comment
Holiday activity kept Loonie going sideway. Consolidation around Y-1 until the end of the week. Closed the week at Y-1 and near midpoint.
Outlook
No information from the past week due to holiday. Coming week will be important in setting the tone for this 3rd quarter. If B+1 is breached by a strong move, it will be confirmation that a reversal is in place on weekly.
Share