Recap Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook Inside week consolidation suggests retest of Y-1 very likely. The critical price to watch for is Y-1 / B-2 area where a spring can induce fast rally back to B+2 easily.
Lawrence's Comment
Recap
Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 ...
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
Previous week close support sent Aussie straight up to Y+2. Mild pullback and then reacted wildly to FOMC announcement. Closed the week near Y+2 and above midpoint.
...
USDCAD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook
Inside week consolidation suggests retest of Y-1 very likely. The critical price to watch for is Y-1 / B-2 area where a spring can induce fast rally back to B+2 easily.
Share