Recap Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
Lawrence's Comment
Recap
As expected ES dropped down to the Y-2 and Y-3 area and fighted hard to hold up. Y-0 acting as resistance forced a retest of week low made on ...
Lawrence's Comment
Recap
As war in Libya and natural disaster in Japan continues, the weaknesses in Aussie is completely reversed. Not even once on 4 hour chart that any kind of ...
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 Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as expected. Closed the week below Y-1 and below midpoint.
Outlook
Easy setup does not happen every week. Loonie back to its previous consolidation zone thus price will no longer move quickly. As long as B-0 acting as resistance, more downside is expected.
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