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
Data problem affecting the chart so the price levels are not drawn correctly. Weaknesses in the beginning of the week failed to take Dow back 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
Breaking below Y-1 without tagging Y-0 first as explained last week gave us a drop until 100% absolute range expansion. Closed the week below Y-1 and near week low.
...
Lawrence's Comment
Recap
Beautiful whiplash play from resistance mentioned last week. Breaking support without putting up a fight at all. 200% range expansion. Closed the week below Y-2 and near week low.
...
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 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.
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