Recap Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour 1-2-3 sell cleared Y-1 with breakout target Y-3 activated. Y-3 was tagged later in the week. Closed the week below Y-2 and midpoint.
Outlook As mentioned last week, the tight range on weekly will breakout one way or the other. Now that we have the break out in place, the former support at Y-1 / B-0 is now strong resistance. Consolidation this week is likely at 50% week range.
Lawrence's Comment
Recap
Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook
2 weeks in a row with midpoint around same price level ...
Lawrence's Comment
Recap
Just like the other indices, NQ has pulled full one of its strongest rallies in recent years. But there was no wild swings at all. It like ...
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
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 Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour 1-2-3 sell cleared Y-1 with breakout target Y-3 activated. Y-3 was tagged later in the week. Closed the week below Y-2 and midpoint.
Outlook
As mentioned last week, the tight range on weekly will breakout one way or the other. Now that we have the break out in place, the former support at Y-1 / B-0 is now strong resistance. Consolidation this week is likely at 50% week range.
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