Recap Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 and near the low of the week.
Outlook As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
Lawrence's Comment
Recap
Capped by previous week close / Y-0. Eventually did the test of Y-1 and took off before it was even tagged. Cleared previous week close and gave us equal ...
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
Another week of consolidation as expected. Bear flag in beginning of the week drove the price down to Y-1 for a retest. W. spring formed and sent it back ...
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 31 to Nov 04 Outlook
Lawrence’s Comment
Bounced off 1.00 par level on first test as expected. Yet, once the precious metals started to rally, US dollar is crushed. Closed the week below 1.00 and near the low of the week.
Outlook
As long as par level acts as resistance, the lower support price zone of Y-3 will be tagged.
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