Recap Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and above midpoint.
Outlook Annoying situation like Aussie where the end of week bounce was not strong enough to be called a reversal. Need to clear B+1 before we get a confirmed low in place. Rejected in the Y-1 to B+1 zone will send this back down to at least B-0.
Lawrence's Comment
Recap
Weakest of the 3 indices, resistance at Y+1 all week and collapsed down to near Y-3 as expected. Closed the week near Y-2 and week low.
Outlook
There is ...
Lawrence's Comment
Recap
Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the ...
Lawrence's Comment
Recap
Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Greece referendum turns out to be a non-event. Euro flushed lower but SNB intervened. Y-1 turned into support after Y-0 was tagged. This setup led to a rally back ...
USDCAD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and above midpoint.
Outlook
Annoying situation like Aussie where the end of week bounce was not strong enough to be called a reversal. Need to clear B+1 before we get a confirmed low in place. Rejected in the Y-1 to B+1 zone will send this back down to at least B-0.
Share