Recap A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week closed below Y-0 and midpoint.
Outlook A 1-2-3 sell in place on 4 hour with B-0 resistance. Likely to tag Y-1 easily. B-2 should also be tagged but more downside will be difficult because of the decisive rejection of 1.025 back in September.
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
Lawrence's Comment
Recap
As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside ...
USDCAD Oct 07 to Oct 11 Outlook
Lawrence’s Comment
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week closed below Y-0 and midpoint.
Outlook
A 1-2-3 sell in place on 4 hour with B-0 resistance. Likely to tag Y-1 easily. B-2 should also be tagged but more downside will be difficult because of the decisive rejection of 1.025 back in September.
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