Recap More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook Canadian dollar and Aussie both as affected by the flushing process in gold. Until gold settledown a bit, more upside is expected for this pair.
Lawrence's Comment
Recap
NQ test of downside target as expected and sparked a strong rally off the support. Follow thru actions pushed NQ back up above normal reversal target Y-0. Closed the ...
Lawrence's Comment
Recap
As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week ...
Lawrence's Comment
Recap
Spike higher in beginning of the week and sold off from there. Yet Y-0 was not tagged. Earning shocks sent ES above resistance and tagged Y+2 and ...
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USDCAD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar and Aussie both as affected by the flushing process in gold. Until gold settledown a bit, more upside is expected for this pair.
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