Recap FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
Outlook Same problem like past several weeks that Loonie is still range bounded. Until we get a move outside of this range, there is no directional play.
I often mention that when a major pair crosses its previous week midpoint, certain bias is triggered. Somehow many readers find it difficult to follow the concept. This is a ...
Lawrence's Comment
Recap
As expected, more upside resulted. Almost made it to 100% absolute range expansion. That is a very impressive push towards 13000.
Outlook
The rally is in melt up style implying ...
Lawrence's Comment
Recap
Consolidation in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint.
Outlook
Ledge on 4 hour points to continuation of the ...
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 18 to Jul 22 Outlook
Lawrence’s Comment
FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint.
Outlook
Same problem like past several weeks that Loonie is still range bounded. Until we get a move outside of this range, there is no directional play.
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