Recap Inside week. Y-1 tested and bounced off. Rallied to almost Y+1 and stalled. Closed the week near Y-1.
Outlook End of week selloff was driven by news. US dollar is sitting at a critical price point across all majors. If it gives in, there is no real support against Loonie until the 0.96 level.
To break the down trend, we need to see B+1 taken out first.
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 above Y-0 as expected. Originally looked like a breakout to the upside was in the making, until news shock hit late in the week. Got the ...
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
Short squeeze in full force. 2x Month OR target tagged and paused since. Closed the week at week high.
Outlook
ES closed above the 2X month OR. That opened ...
USDCAD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Inside week. Y-1 tested and bounced off. Rallied to almost Y+1 and stalled. Closed the week near Y-1.
Outlook
End of week selloff was driven by news. US dollar is sitting at a critical price point across all majors. If it gives in, there is no real support against Loonie until the 0.96 level.
To break the down trend, we need to see B+1 taken out first.
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