Recap Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 and midpoint.
Outlook Surprise move points to a test of Y-1 / B-0 likely. Clearing that points to potential spike low on weekly in the making.
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
Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 ...
Lawrence's Comment
Recap
Y-0 failed to turn into support even though price moved above Y-0 early in the week. Closed the week near Y-1.
Outlook
Similar to last week, until B-0 is ...
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
Y-1 failed to act as support thus turning Y-0 into resistance zone. The pair then dropped from Y-0 down to Y-2 and closed the week there.
Outlook
Uptrend in Aussie ...
USDCAD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Early attempt to move higher blocked at the resistance zone leading to freefall back down to Y-1 and tagged the normal Y-2 continuation target. Closed the week below Y-2 and midpoint.
Outlook
Surprise move points to a test of Y-1 / B-0 likely. Clearing that points to potential spike low on weekly in the making.
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