Recap Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
Lawrence's Comment
Recap
I know what the sell up is, so does PPT. Intervention activities on full gear last week. First, breaking the resistance zone mentioned last week to induce a 1-2-3 ...
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
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked ...
Lawrence's Comment
Recap
Uptrend intact as B-0 never challenged. Y+3 strong up move target tagged. Closed the week near Y+3 and week high.
Outlook
Euro successfully crushed the bears as Fed declared ...
USDCAD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 and near midpoint.
Outlook
Wild consolidation with 1.24 defended a 2nd time within 2 weeks from sharp drops. This points to the building of a base on weekly level and potentially monthly ledge in the making at this zone. So more 2-way trading for now with Y-1 / B-1 solid support.
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