Recap Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and found support again. Closed the week below Y-0 and midpoint.
Outlook 3rd week where midpoint stays at the same price level. Either Loonie has reached equilibrium here or it is a compression. For both cases we have to wait for a breakout at 4 hour or higher timeframe before we can jump in for a directional ride.
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
This pair caught me by surprise with a breakout to the downside. When Y-1 rejected the bounce we got a go for Y-3. Flushed all the way down to ...
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
NQ flushed to Y-2 in the beginning of the week and bounced off. Similar to Dow, its test of Y-0 failed to push higher and opened the door to ...
USDCAD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and found support again. Closed the week below Y-0 and midpoint.
Outlook
3rd week where midpoint stays at the same price level. Either Loonie has reached equilibrium here or it is a compression. For both cases we have to wait for a breakout at 4 hour or higher timeframe before we can jump in for a directional ride.
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