Recap First test of Y+1 stopped the run and gave us a slow drift back down to previous week close. Then an excuse was given and gave us the Y+1 breakout I was looking for. Closed the week above Y+1 and midpoint.
Outlook Potential reversal in place. As long as B-0 / Y+1 zone acting as support B+2 and above is in play.
Lawrence's Comment
Recap
No selloff. No major bounce. Another pair just stuck at Y-1. Closed the week near Y-1 and midpoint.
Outlook
Looking for a breakout play if B+1 or B-1 is taken out ...
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
USDCAD Jul 14 to Jul 18 Outlook
Lawrence’s Comment
First test of Y+1 stopped the run and gave us a slow drift back down to previous week close. Then an excuse was given and gave us the Y+1 breakout I was looking for. Closed the week above Y+1 and midpoint.
Outlook
Potential reversal in place. As long as B-0 / Y+1 zone acting as support B+2 and above is in play.
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