Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
Lawrence's Comment
Recap
No consolidation below the resistance zone. Instead zoomed thru and triggered Y+2 target. Tagged that by end of week. Closed the week below Y+2 and near week high.
Outlook
The accelerated ...
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
Lawrence's Comment
Recap
Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above ...
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
Lawrence's Comment
Recap
Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...
EURUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint.
Outlook
Weak rally and stalled at Y-0 indicates weaknesses is likely to carry over into this week. B+1 will be difficult resistance to break above. Retest of B-1 is likely.
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