Recap 1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged 1.09 near Y-1 and bounced. Closed the week below Y-0 and midpoint.
Outlook Up trend broken on 4 hour. Back to no trend on daily. Sideway actions likely. Should gold fails to hold 1200 level, we can easily see a pop here back up to B+1.
Lawrence's Comment
Recap
Pulled back to Y-0 and bounced right off. Retested Y+1 and consolidating around it. Closed the week near Y+1 and above midpoint.
Outlook
The pullback and then the retest ...
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 ...
Lawrence's Comment
Recap
Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the ...
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USDCAD Sep 22 to Sep 26 Outlook
Lawrence’s Comment
1-2-3 sell off Y+1 on 4 hour points to Y-0 in play. Y-0 failed to act as support, giving us Y-1 target below. Flush later in the week tagged 1.09 near Y-1 and bounced. Closed the week below Y-0 and midpoint.
Outlook
Up trend broken on 4 hour. Back to no trend on daily. Sideway actions likely. Should gold fails to hold 1200 level, we can easily see a pop here back up to B+1.
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