Recap Formed a slightly higher low and then pushed higher. Yet failed to clear the original bear flag support line that is now resistance. Closed the week above midpoint.
Outlook Inside week. Bear flag all week just like many other pairs. As long as B+1 is acting as resistance more down side is expected.
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
Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend ...
Lawrence's Comment
Recap
Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at ...
Lawrence's Comment
Recap
Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint.
Outlook
As long as Y-1 / ...
USDCAD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Formed a slightly higher low and then pushed higher. Yet failed to clear the original bear flag support line that is now resistance. Closed the week above midpoint.
Outlook
Inside week. Bear flag all week just like many other pairs. As long as B+1 is acting as resistance more down side is expected.
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