Recap Tested one side of the tight range (bottom) and failed to go lower. Then tagged the other side of the tight range (top) and failed to go higher. Closed at Y+2.
Outlook Still stuck within the multiple week tight range. No real direction until it moves away from this area.
Lawrence's Comment
Recap
Y+1 (i.e. 15000) acted as resistance as expected and sent Dow back down yet it failed to test Y-0. This is bullish. 2nd attempt at Y+1 breached the resistance ...
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
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 26 to Mar 30 Outlook
Lawrence’s Comment
Tested one side of the tight range (bottom) and failed to go lower. Then tagged the other side of the tight range (top) and failed to go higher. Closed at Y+2.
Outlook
Still stuck within the multiple week tight range. No real direction until it moves away from this area.
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