Comments
| Upload comment image |
You must be registered and logged in to upload images. |
| Sponsors |
  |
| Free Online eBook / Article Series |
| Art of Chart Reading |
| Essence of Trading |
| Defensive Money Management |
| Market Breadth Primer |
| Trading With Tick Index |
| Latest eBooks |
    |
| Sponsors |
| Upload comment image |
You must be registered and logged in to upload images. |
USDCAD Jun 18 to Jun 22 Outlook
By News Robot on 2012 Jun 16 Sat 7:05:38Lawrence’s Comment
Continue the consolidation process as expected. Test of Y-1 resulted in a bounce to Y-0 then slow drift back down to Y-1. Closed the week near week low.
Outlook
A clear resistance line has developed over the past 2 weeks. A clean breakout above B-0 which also holding above the resistance line will produce a rally back to B+2.
Failing to breakout upside points to B-2 in play as it is likely to take a flush to take out the weak longs.