Recap Fall to support zone after failing to hold Y-1. Since then Y-1 turned into resistance and dropped this further down to Y-2. Closed the week near Y-2 and week low.
Outlook The breakout above the multiple year high finally came back to the crime scene to test the original yearly swing high from above. How price reacts at this zone over the coming 2 weeks will determine if we have another try for new high in coming few months.
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
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the ...
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
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over ...
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
Completely stuck within Y-0 to Y+1. Makes sense because cable is not the primary target of the intervention done 2 weeks ago.
Outlook
Breakout mode. Am not expecting a ...
USDCAD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Fall to support zone after failing to hold Y-1. Since then Y-1 turned into resistance and dropped this further down to Y-2. Closed the week near Y-2 and week low.
Outlook
The breakout above the multiple year high finally came back to the crime scene to test the original yearly swing high from above. How price reacts at this zone over the coming 2 weeks will determine if we have another try for new high in coming few months.
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