Recap Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint.
Outlook Pullback in progress. Strong support between B-1 down to B-2 on weekly and higher timeframes. 1.08 is the magic support / resistance for years in the past. Once B-0 is cleared retest of Y+1 likely.
Lawrence's Comment
Recap
ES tagged Y-0 first before moving lower. That helped ES in finding support above the open gap below. FBO against Y-1 gave us a run back up to week ...
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
I got this pair wrong last week as I overestimated its strength. Right off the start of the week, Aussie immediately snapped back down to where it was supposed ...
USDCAD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint.
Outlook
Pullback in progress. Strong support between B-1 down to B-2 on weekly and higher timeframes. 1.08 is the magic support / resistance for years in the past. Once B-0 is cleared retest of Y+1 likely.
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