Recap Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint.
Outlook Down trend on daily broken. Now US dollar has to prove its strength by holding up B-2 / Y-0 zone as support to form a better longer term swing bottom.
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
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to ...
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
Beautiful perfect drop to Y-2 and staged a bounce from there as expected. Who says we cannot tell where the markets are heading? Closed the week below Y-0 and ...
USDCAD Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint.
Outlook
Down trend on daily broken. Now US dollar has to prove its strength by holding up B-2 / Y-0 zone as support to form a better longer term swing bottom.
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