Recap Y-0 support as expected gave us the continuation move to take out Y+1. Since then FBO against Y+1 gave us a clean drop to Y-0 and breaking below quickly points to Y-1 target. Y-1 tagged by Friday. Closed the week below Y-1 and at week low.
Outlook Outside down week is bearish. New low against B-1 is likely with the crime scene 1.31 of great interest. If flush low below B-1 does not tag B-2 and snap back up above B-1 quickly, an attempt for B-0 and the crime scene above at 1.335 will be in play.
Lawrence's Comment
Recap
I was expecting something like what happened to Dow and instead got a run like NQ. ES started out the week defending Y+1 and then pushed higher to tag ...
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
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
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 Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Y-0 support as expected gave us the continuation move to take out Y+1. Since then FBO against Y+1 gave us a clean drop to Y-0 and breaking below quickly points to Y-1 target. Y-1 tagged by Friday. Closed the week below Y-1 and at week low.
Outlook
Outside down week is bearish. New low against B-1 is likely with the crime scene 1.31 of great interest. If flush low below B-1 does not tag B-2 and snap back up above B-1 quickly, an attempt for B-0 and the crime scene above at 1.335 will be in play.
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