Recap Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
Lawrence's Comment
Recap
As mentioned last week, ninja is showing signs of strength. Cleared Y+1 in one go and tagged Y+2 early in the week. Ninja keep pushing until 150% range expanded ...
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Lawrence's Comment
Recap
Y-0 acted as resistance, gave us a good run down to Y-2 target mentioned last week. Found support there and bounced back up. Closed the week below Y-1 and ...
USDCAD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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