Recap Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
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
Attempted V-reverssal at the start of the week by holding above Y-0 failed. Dow collapsed lower until Y-1 was tagged. FBO against Y-1 gave us Y-0 target. Closed 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
Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1.
Outlook
From weekly range tightening up to 3 weeks ago, and then downside expansion ...
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 17 to Mar 21 Outlook
Lawrence’s Comment
Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook
Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
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