Recap Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
Lawrence's Comment
Recap
Dropped lower to tag the downside target right off the start and snapped back up. FBO gave us a go for Y-0 and we got that. Perfect sell setup ...
Lawrence's Comment
Recap
Expected more downside last week and it looked like it was about to happen with the bear flag setup into Wednesday. Then everything changed by the eco report. Euro ...
Lawrence's Comment
Recap
Just like Dow, consolidation within the top half of the expected range. End of week pullback completed the gap fill below and bounced from there. Closed the week ...
USDCAD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint.
Outlook
Consolidation actions with range trapped between weekly support and daily resistance. More consolidation actions until weekly pullback is done.
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