Recap 1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged 1.09 near Y-1 and bounced. Closed the week below Y-0 and midpoint.
Outlook Up trend broken on 4 hour. Back to no trend on daily. Sideway actions likely. Should gold fails to hold 1200 level, we can easily see a pop here back up to B+1.
Lawrence's Comment
Recap
Rallied to Y+1 but failed to hold above it. That points to a pullback to Y-0. Instead, ES gapped thru Y-0 and dropped to 100% absolute range expansion ...
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
Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target ...
USDCAD Sep 22 to Sep 26 Outlook
Lawrence’s Comment
1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged 1.09 near Y-1 and bounced. Closed the week below Y-0 and midpoint.
Outlook
Up trend broken on 4 hour. Back to no trend on daily. Sideway actions likely. Should gold fails to hold 1200 level, we can easily see a pop here back up to B+1.
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