Recap Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and above midpoint.
Outlook Annoying situation like Aussie where the end of week bounce was not strong enough to be called a reversal. Need to clear B+1 before we get a confirmed low in place. Rejected in the Y-1 to B+1 zone will send this back down to at least B-0.
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
Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low.
Outlook
More down ...
Recap of last week Tried twice to stage a reversal, the second one is not completed yet. The range of 81.30 – 81.50 is the 50% downside expansion from ...
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 23 to Sep 27 Outlook
Lawrence’s Comment
Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and above midpoint.
Outlook
Annoying situation like Aussie where the end of week bounce was not strong enough to be called a reversal. Need to clear B+1 before we get a confirmed low in place. Rejected in the Y-1 to B+1 zone will send this back down to at least B-0.
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