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.
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Lawrence's Comment
Recap
The best pair to trade last week. Breakout play from Y+1 to Y+2. A thin up channel in place giving us a potential top in the making. Lower high ...
Lawrence's Comment
Recap
More upside as expectation. 1.14 proven strong resistance as stated in Jun MBO newsletter update. Pullback to Y-0 eventually. Closed the week near Y-0 and week low.
Outlook
Last ...
Lawrence's Comment
Recap
Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint.
...
Lawrence's Comment
Recap
Rejected twice below Y-0 at 1.62. 2nd time sent cable down to Y-2. Staying weak as expected. Sold off to the nearest target as expected. Closed the week ...
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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