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
The quiet pair of the majors last week. Consolidated around Y+1 / previous week close at 50% week range. Closed the week below Y+1 and midpoint.
Outlook
Y-0 retest likely. Tagging ...
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
As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside ...
Lawrence's Comment
Recap
As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint.
Outlook
No strong directional bias because loonie is so close to par level ...
USDJPY Jul 09 to Jul 13 Outlook
Lawrence’s Comment
Inside week. Absolutely going nowhere. Closed the week below Y-0 and midpoint.
Outlook
A week of bear flag points to retest of Y-1 sometime next week.
If a base is formed within B-1 to B-2, a retest of Y+1 is likely within a few weeks.
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