Recap Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2.
Outlook The target of Y+3 should be reached early next week. Strong support at B-0 if it chooses to consolidate.
1.05 historically often act as resistance on quick runups. So early next week tagging 1.05 with no pullback first means potential sell setup will be formed right there.
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
Reuters published this exclusive report of evidence showing the role of Bank of England in the forex manipulation scandal. If you are not aware of this event you can ...
Lawrence's Comment
Recap
Did not hold above Y-0. Fighting to hold the 78 level all week. Closed the week above Y-0 and midpoint.
Outlook
Basing price action last week points to potential ...
Lawrence's Comment
Recap
News shock sent the pair down to Y-3. W. spring against Y-3 and snap back up to B+1. Original upside target Y+2 tagged then went sideway for the ...
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 ...
Lawrence's Comment
Recap
Got our targets tagged within first half of the week then stalled from there (Y+2). Y+1 acted as support and closed the week above midpoint.
Outlook
The reaction to Y+2 ...
USDCAD Jun 04 to Jun 08 Outlook
Lawrence’s Comment
Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2.
Outlook
The target of Y+3 should be reached early next week. Strong support at B-0 if it chooses to consolidate.
1.05 historically often act as resistance on quick runups. So early next week tagging 1.05 with no pullback first means potential sell setup will be formed right there.
Share