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.
Lawrence's Comment
Recap
Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint.
Outlook
Brexit can indirectly affects ninja jumping ...
Lawrence's Comment
Recap
Y-1 support in the beginning of the week led to an up drift near Y-0. 1-2-3 sell breaking the bear flag sent Aussie straight down to clear Y-1. Range ...
Lawrence's Comment
Recap
Y+1 did not act as resistance at all. ES simply open above it and stayed above til Fed announcement. ES zoomed to Y+3 and stalled. Closed the week below ...
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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