Recap The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below Y-1 to get to our downside target. Closed the week above Y-1 but below midpoint.
Outlook First half of last week is a form of bear flag pointing to continuation selloff. As long as B-0 upto B+1 acts as resistance, the next likely zone is B-2.
Lawrence's Comment
Recap
Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which ...
Lawrence's Comment
Recap
Wait and see mode as mentioned last week. Previous week close acted as support sending ninja back up to Y-0 and then back up to the crime scene right ...
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 Jul 11 to Jul 15 Outlook
Lawrence’s Comment
The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break below Y-1 to get to our downside target. Closed the week above Y-1 but below midpoint.
Outlook
First half of last week is a form of bear flag pointing to continuation selloff. As long as B-0 upto B+1 acts as resistance, the next likely zone is B-2.
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