Recap Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint.
Outlook Sellers discovered above Y+1. It implies as long as B-0 holds, a run back up (can be a slow one) to retest Y+1 is likely.
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
Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and ...
Lawrence's Comment
Recap
Consolidated around Y+1. It is expected since NQ just finished another squeeze up. Closed the week below Y+1 and near midpoint.
Outlook
As long as B-1 downto Y-0 acting ...
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 Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint.
Outlook
Sellers discovered above Y+1. It implies as long as B-0 holds, a run back up (can be a slow one) to retest Y+1 is likely.
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