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.
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
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
Dow elected to go higher and cleared the neckline as mentioned last week. This led to short squueze action as predicted by custom breadth forecast. Closed the week above ...
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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