Recap Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
Lawrence's Comment
Recap
Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook
Down channels do not last. As long as B-0 acting as ...
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
A weak version of what happened to Dow. 50% previous week range. Closed the week at Y+1 / previous week close and below midpoint.
Outlook
If we are getting a spike ...
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 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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