Recap Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
Lawrence's Comment
Recap
Short bias from last week played out well until Y-2 was tagged and that the huge gap from beginning of March was rejected. ES zoomed back up from below ...
Lawrence's Comment
Recap
Resistance at Y+1 sent Euro back down to Y-1 with a pause at Y-0. Year end sideway actions. Closed the week near Y-1 and week low.
Outlook
Y-0 and ...
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 11 to Nov 15 Outlook
Lawrence’s Comment
Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 again. Bounced off Y-1 and a clean sail to Y+1 target. Closed the week below Y+1 and above midpoint.
Outlook
Outside week with midpoints of both weeks at around the same area. Closed back inside the range. All points to indecision. Only the price pattern supports this to go higher.
B-0 / Y-0 in play. A test of the price level will tell us if we can get B+2 and higher.
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