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
The outside week setup did not produce a direction for us. Instead, Aussie pushed all the way back up and consolidated within Y-1 to Y+1. Y-0 did not act ...
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
Essentially rallied the whole week as expected. Rallied from Y-1 to Y+2 target. Made new high for the year by close.
Outlook
Weekly new high for the year on close ...
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.
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