Recap FBO against Y+1 gave us a drop until 100% absolute range expansion. Since then bounced back up to week midpoint. Closed the week near Y-0 and below midpoint.
Outlook Monthly bear flag with quarterly pullback time window used up. A sudden dip back down to B-2 potential. As long as the weaknesses is contained on monthly basis, we are looking for test of year in coming months.
Lawrence's Comment
Recap
Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint.
Outlook
Support ...
Lawrence's Comment
Recap
No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. ...
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
With help of gold, Aussie did not even stopped at Y+1 on the first retest. Opened the door way to Y+2 and tagging that too in a ...
USDCAD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
FBO against Y+1 gave us a drop until 100% absolute range expansion. Since then bounced back up to week midpoint. Closed the week near Y-0 and below midpoint.
Outlook
Monthly bear flag with quarterly pullback time window used up. A sudden dip back down to B-2 potential. As long as the weaknesses is contained on monthly basis, we are looking for test of year in coming months.
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