Recap Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
Lawrence's Comment
Recap
Y+1 support helped ninja to push straight up to Y+3 breakout target. Closed the week near Y+3 and above midpoint.
Outlook
Initial run probably done. Y+3 resistance will signal ...
Lawrence's Comment
Recap
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
...
Lawrence's Comment
Recap
As mentioned last week, Dow is in breakout mode and that failing to break out of this range at one extreme will simply follow the STOPD principle ...
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
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 ...
FXCM made a press release regarding their clients losing so much money due to the dramatic move in Euro / Swiss Franc that they owe FXCM approximately $225 million dollars. ...
USDCAD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook
Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
Share