Recap First test of Y+1 stopped the run and gave us a slow drift back down to previous week close. Then an excuse was given and gave us the Y+1 breakout I was looking for. Closed the week above Y+1 and midpoint.
Outlook Potential reversal in place. As long as B-0 / Y+1 zone acting as support B+2 and above is in play.
Lawrence's Comment
Recap
No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook
Bear flag breakout to the downside on daily points to ...
Lawrence's Comment
Recap
Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook
Although the rally was a product of stop ...
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 Jul 14 to Jul 18 Outlook
Lawrence’s Comment
First test of Y+1 stopped the run and gave us a slow drift back down to previous week close. Then an excuse was given and gave us the Y+1 breakout I was looking for. Closed the week above Y+1 and midpoint.
Outlook
Potential reversal in place. As long as B-0 / Y+1 zone acting as support B+2 and above is in play.
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