Recap Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
Lawrence's Comment
Recap
As oppose to breaking below Y-0 and testing Y-1, Y-0 acted as support, leading to further upside range expansion. Tagged the target zone Y+3 right at the end ...
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
Went lower as expected. It was interesting that it dropped in a slow 3 pushes down pattern. Before Y-2 was tagged, the pattern zoomed the pair back up to ...
USDCAD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low.
Outlook
Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
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