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
Strong gap down at the start of the week gave fuel to an all out rally back up first. Since then ES ran out of fuel and sold off ...
Lawrence's Comment
Recap
Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook
3rd week of compression in place. Breakout of this ...
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
Lawrence's Comment
Recap
Consolidation as expected. 50% range. Closed the week above Y-0 and below midpoint.
Outlook
Inside week with a mildly weak close points to retest of B-1 likely. That can open the ...
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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