Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end of the week, where it bounced back up to close above previous quarter close.
Next week outlook
A breakout to the upside from the yellow zone as a mini launch pad, will take USDCAD back up to 1.055 (green zone).
A selloff from yellow zone implies monthly downside expansion in full force where the red zone is the first target.
Lawrence's Comment
Recap
Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up ...
Lawrence's Comment
Recap
Violent reaction to Greece situation kickstarted the week. Strong gap breakout to the upside points to Y+3 in play. We got Y+3 and Dow was stuck since. Closed the ...
Lawrence's Comment
Recap
As mentioned last week, breakout mode in place. We got the breakout to the downside and that gave us Y-3 target automatically. Closed the week near the ...
Lawrence's Comment
Recap
Aussie moved under Y-1 as expected and attempts to pop it higher was seen without touching Y-2. Yet there was no strength to push Assuie higher to clear the ...
Lawrence's Comment
Recap
Whiplash action week. Ninja pushed lower to challenge the prior outside week low and failed to breach the support, that opened the door to a rally back to the ...
Lawrence's Comment
Recap
Sold off early in the week but failed to tag Y-2. More b.s. coming from Greece forced a wild short squeeze mid week back up to the ...
USDCAD Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end of the week, where it bounced back up to close above previous quarter close.
Next week outlook
A breakout to the upside from the yellow zone as a mini launch pad, will take USDCAD back up to 1.055 (green zone).
A selloff from yellow zone implies monthly downside expansion in full force where the red zone is the first target.
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