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
Down channel break led to a run to my target mentioned last week. It also lined up nicely from early week low at 100% absolute range expansion. Cable stalled ...
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 formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and ...
USDCAD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint.
Outlook
Weaknesses persisted but range has tightened. Love to see a violent breakout to the upside to end this down channel drifting actions.
Until I have more evidence that a low is in place, expect the weaknesses to continue.
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