Recap Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
Lawrence's Comment
Recap
As expected, failed to breakout above Y+1 and dropped back down to Y-0. Closed the week at midpoint.
Outlook
Intervention effect from the central banks takes time to be ...
Lawrence's Comment
Recap
Euro found support after 50% range expansion down to near Y-2. Double bottom on 4 hours produced the low and gave us equal distance run back up above previous ...
Lawrence's Comment
Recap
The breakout upside trade we were looking for happened exactly as expected. Closed the week above Y+2 as well.
Outlook
A pullback to Y+1 is possible but not necessary. ...
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 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
Outlook
Clearing B+1 / Y+1 points to B+3 in play.
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