Recap Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below midpoint and Y-0.
Outlook Multiple week bear flag broken to the downside points to retesting Y-2 and possibly lower. As long as B-0 upto Y+1 acting as resistance zone will not consider long trade.
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Lawrence's Comment
Recap
NQ finally joined the other 2 indices and sold off down to almost Y-3. Since then a major short squeeze caused by potential deal in US debt ceiling forced ...
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 08 to Oct 12 Outlook
Lawrence’s Comment
Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below midpoint and Y-0.
Outlook
Multiple week bear flag broken to the downside points to retesting Y-2 and possibly lower. As long as B-0 upto Y+1 acting as resistance zone will not consider long trade.
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