Recap Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. Closed the week near Y-1 and below midpoint.
Outlook First crack of the bull move on daily. Weekly up trend is not damaged yet. Wide range week points to consolidation with B-0 to Y-0 strong resistance zone.
Lawrence's Comment
Recap
FBO against Y-1 happened and then head and shoulder bottom was formed on 4 hour. Y-0 cleared and crime scene above where the breakdown started was revisited. Closed the ...
Lawrence's Comment
Recap
Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint.
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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 Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. Closed the week near Y-1 and below midpoint.
Outlook
First crack of the bull move on daily. Weekly up trend is not damaged yet. Wide range week points to consolidation with B-0 to Y-0 strong resistance zone.
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