Recap Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
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
Failed to clear Y-0 resistance. Gapped down to below Y-2 and flushed down to Y-3 before a bottom is found. Closed the week below Y-3 and near week low.
Outlook
Spike ...
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
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
USDCAD Jun 22 to Jun 26 Outlook
Lawrence’s Comment
Y-0 resistance with a drop to Y-1 worked out perfectly. The spike low below Y-1 forced a run back up to the crime scene where the drop started. Closed the week above Y-1 and midpoint.
Outlook
Short term low in place as long as Y-1 is acting as support with B+1 and above in play.
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