Recap Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
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-0 never turned into resistance. Euro gapped below that but traded back up above it immediately. Breakout above Y+1 and tagged Y+2. Not quite made it to Y+3 and ...
Lawrence's Comment
Recap
Tried twice to break Y-1 and failed. Once Y-0 was cleared, a reversal is in place for a run back upto at least Y+1. Y+1 and Y+2 was taken ...
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 04 to Nov 08 Outlook
Lawrence’s Comment
Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook
Consolidation ended in a weak tone points to potential flush down to B-2 / Y-0 area. Holding that will give this a platform to go higher to retest B+1.
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