Recap Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.
Outlook A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.
Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.
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
Lawrence's Comment
Recap
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the ...
Lawrence's Comment
Recap
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
USDCAD Nov 07 to Nov 11 Outlook
Lawrence’s Comment
Bounced off the close of previous week and zoomed up to Y+1 before it stalled. Y-0 acted as support and sending the pair back up to Y+1 again. Closed the week below Y+1.
Outlook
A breakout above B+1 with that turning into support will give us the confirmed continuation of this uptrend on daily.
Failure to do so, the pair will enter a consolidation phase where it will be trapped within 1.05 down to 0.99 for a long time.
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