Recap Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
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
S&P acted the weakest as noted last week. It dropped 100% absolute range expansion to the downside and tagged Y-3.
Outlook
Although S&P was weak, it is still holding ...
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
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 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook
Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
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