Recap Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. Strong reaction to Y-2. Closed the week below Y-1 and midpoint.
Outlook Outside week and closing below Y-1 is bearish. Short term top in place with sideway actions expected as weekly up trend is still intact.
Lawrence's Comment
Recap
NQ dropped initially as expected but it failed to tag Y-2 and a forced FBO led to a quick run above Y+1. Yet, NQ could not stay above Y+1 ...
Lawrence's Comment
Recap
Mentioned last week euro support is Y-0 and there we got the heated fights 3 times within the week. At the end the bears are toasted with Y+2 upside ...
Lawrence's Comment
Recap
The most timid index out of the 3 major indices. Opened the week near Y+1 and resistance there pressed ES lower. Ledge action led to upside breakout into Brexit. ...
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 never touched resulting in a 1-2-3 buy on 4 hour to go higher. Y+2 tagged before rsistance is found. Closed the week below midpoint and Y+1.
Outlook
Potential weekly FBO. ...
USDCAD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. Strong reaction to Y-2. Closed the week below Y-1 and midpoint.
Outlook
Outside week and closing below Y-1 is bearish. Short term top in place with sideway actions expected as weekly up trend is still intact.
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