Recap 2-way play as expected. Y-0 resistance sent price down to near Y-1 and took off from there back up to equal distance from previous week close. Closed the week above Y-0 and near week high.
Outlook The base building process has created a strong support zone below 1.25 making it more likely to force an upside breakout from here. The prize for the longs is getting beyond 1.28 to see if massive squeeze can be induced.
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
As mentioned last week, double whiplash with breakout to the downside. Tagged downside target of Y-3. Closed the week near week low and above Y-3.
Outlook
Just got ...
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
Not only we got Y+2, Y=3 was almost tagged by end of the week as well. Closed the week above Y+2.
Outlook
Both Aussie and Loonie are driven by ...
USDCAD Mar 09 to Mar 13 Outlook
Lawrence’s Comment
2-way play as expected. Y-0 resistance sent price down to near Y-1 and took off from there back up to equal distance from previous week close. Closed the week above Y-0 and near week high.
Outlook
The base building process has created a strong support zone below 1.25 making it more likely to force an upside breakout from here. The prize for the longs is getting beyond 1.28 to see if massive squeeze can be induced.
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