Recap Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.
Outlook Inside week tight range and close near midpoint is indecision. Breakout mode in effect. Levelling off Y-1, however, gives the long side a slight edge over the short side in case of breakout.
Upside breakout of B+1 points to Y+1 and above. Downside breakout below Y-1 points to B-2 and below.
Lawrence's Comment
Recap
My bearish bias is proven correct and B-2 was tagged. Closed the week below Y-2 and at week low.
Outlook
Again, back to 1.59 support zone. A decision has ...
Lawrence's Comment
Recap
Consolidation actions around Y+1. Lower boundary of open gap filled while crime scene above from the last sell off stopped the rally attempt. Closed the week near Y-0 and ...
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USDCAD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.
Outlook
Inside week tight range and close near midpoint is indecision. Breakout mode in effect. Levelling off Y-1, however, gives the long side a slight edge over the short side in case of breakout.
Upside breakout of B+1 points to Y+1 and above. Downside breakout below Y-1 points to B-2 and below.
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