Recap Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
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
Upside target that was not tagged the week before was finally done this week. Dow consolidated since and moving in tight range into month end. Closed the week near ...
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
Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint.
Outlook
Gaps above B+1 and below B-1 are in play once ...
USDCAD Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook
Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
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