Recap Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed the week above Y+1 and near week high.
Outlook Outside reversal week with strong close is bullish. A push towards B+2 is likely.
Lawrence's Comment
Recap
As expected the test of Y+1 has failed. Minimal target at Y-0 was tagged. But the pullback was very slow. Closed the week above Y-0 and below midpoint.
Outlook
Similar to ...
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
Waiting mode in the beginning of the week for Bank of Canada rate decision. The announcement induces the pair to break below its tight range and eventually ...
USDCAD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed the week above Y+1 and near week high.
Outlook
Outside reversal week with strong close is bullish. A push towards B+2 is likely.
Share