Recap Held close from the week before and run higher until 50% range reached. Consolidation / sideway actions all the way. Closed the week above Y+1 and below midpoint.
Outlook Holiday trading for last 2 weeks of this year. Usually we do not see major swings during this time. In the rare situation that it happens, chart pattern suggests that a breakout above B+1 will send this to B+3.
Lawrence's Comment
Recap
Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook
2 weeks of tight range ...
Lawrence's Comment
Recap
Tight range consolidation near Y-0 first half of the week. Then the whiplash mentioned last week came. First a push towards Y+1 and failed. Then collapsed at the end ...
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
USDCAD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Held close from the week before and run higher until 50% range reached. Consolidation / sideway actions all the way. Closed the week above Y+1 and below midpoint.
Outlook
Holiday trading for last 2 weeks of this year. Usually we do not see major swings during this time. In the rare situation that it happens, chart pattern suggests that a breakout above B+1 will send this to B+3.
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