Recap Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
Lawrence's Comment
Recap
Tagged upside target of Y+2 early in the week. Slided back down and closed the week below Y+1.
Outlook
As long as Y-0 to B-1 acts as support, a ...
Lawrence's Comment
Recap
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as ...
USDCAD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Stated to stay away from this pair (swing trade) last week due to potential Fed announcement impact. From an outside down week, the news shock reversed the bearish setting and rallied to complete a 200% absolute range expansion before taking a pause.
Outlook
Major breakout above 1.00. As long as B-0 acts as support, higher price level is likely.
A quick jump above B+1 tagging Y+4 and snap back down below can trigger a selloff to B-0 downto Y+1.
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