Recap Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
Lawrence's Comment
Recap
Dow updrift / seasonal took it to upside target of Y+2. Stalled since. Closed the week above Y+1 and midpoint.
Outlook
Seasonal strength ended last week. Low volume environment can work ...
Lawrence's Comment
Recap
Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop ...
Lawrence's Comment
Recap
No breakout of range. Just more consolidation. Closed the week an inside week close to Y+1.
Outlook
Need breakout of this tight range for a clear direction. No point to ...
Lawrence's Comment
Recap
Did not comment on this pair last week somehow. The spike low last week is a rejection so the normal expectation is to get Y+2 and higher. ...
USDCAD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
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