Recap Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook Down channels do not last. As long as B-0 acting as resistance the down channel is still in force with potential selloff down to Y-2 / B-2 area.
Once B-0 is cleared and turning into support, we have a good chance of seeing Y+1 and above quickly.
Lawrence's Comment
Recap
As stated in my newsletter to my premium members, an average of 2% drop is expected in December before year end rally can happen. And here we are, having ...
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
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over ...
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 Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook
Down channels do not last. As long as B-0 acting as resistance the down channel is still in force with potential selloff down to Y-2 / B-2 area.
Once B-0 is cleared and turning into support, we have a good chance of seeing Y+1 and above quickly.
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