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
Travelled higher to Y+2. Found resistance and moved back down to Y+1. Closed the week above Y+1 and below midpoint.
Outlook
As mentioned last week, Euro somehow loves to rally into ...
Lawrence's Comment
Recap
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed ...
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.
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