Recap As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook 1-2-3 sell on 4 hours points to B-2 and lower. Not necessary a very bearish move just that real buyers have to step in from the support area below B-1 to enable another leg up.
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
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
Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the week. ...
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 ...
Lawrence's Comment
Recap
As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half ...
Lawrence's Comment
Recap
Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above ...
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 Mar 03 to Mar 07 Outlook
Lawrence’s Comment
As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook
1-2-3 sell on 4 hours points to B-2 and lower. Not necessary a very bearish move just that real buyers have to step in from the support area below B-1 to enable another leg up.
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