Lawrence's Comment
Recap
I was looking for a pullback to B-0 early in the week. That worked out as expected. Then a bounce back up to at least a retest ...
Lawrence's Comment
Recap
Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and ...
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
Aussie spiked above Y+1 yet not able to hold above. Consolidated above Y-0. Swinged below with immediate snap back points to retest of Y+1 and above. Got Y+2 and ...
USDCAD Sep 24 to Sep 28 Outlook
Lawrence’s Comment
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 area indeed led to the first strong bounce since collapse below 0.99. Potential bottom building process here.
As long as B-1 / Y-0 holds, there is a good chance to retest B+1.
Share