Recap Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.
Outlook A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.
Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.
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 around Y+1 / previous week close area. Bounded within 50% previous week range. Closed the week at Y+1 and above midpoint.
Outlook
Fought very hard to hold the Y+1 level ...
Lawrence's Comment
Recap
Flush to Y-2 right off the start of the week and produced a double bottom. Zoomed to Y+1 from a gap up above B-0 as expected. Closed ...
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 07 to Nov 11 Outlook
Lawrence’s Comment
Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.
Outlook
A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.
Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.
Share