Recap USD rally against all majors last week. Dollar yen is the weakest one. Every attempt to go higher last week was met with selling pushing it back down. Closed the week, however, at Y+1.
Outlook If a platform / bottom can form between B-0 down to B-1, the long term down trend will be broken and that this low will turn into an important low on monthly scale.
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
Consolidation week moving around Y+1. Closed the week near Y+1 and midpoint.
Outlook
Y+1 acting as resistance if give us a test of Y-0 / B-2.
Lawrence's Comment
Recap
NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the ...
USDJPY Oct 03 to Oct 07 Outlook
Lawrence’s Comment
USD rally against all majors last week. Dollar yen is the weakest one. Every attempt to go higher last week was met with selling pushing it back down. Closed the week, however, at Y+1.
Outlook
If a platform / bottom can form between B-0 down to B-1, the long term down trend will be broken and that this low will turn into an important low on monthly scale.
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