Recap Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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
Lawrence's Comment
Recap
Was looking for a bottom early in the week and we got it. Tagged Y+2 as expected. Who would have believed me last week when I call ...
Lawrence's Comment
Recap
As expected euro strength continues. The normal consolidation of 50% previous week range also happened, this time above Y+1. Closed the week at Y+1 and below midpoint.
Outlook
As ...
Recap of Last Week Rally to prior week high, trapped in between yellow zone and green zone as mentioned last week, and then selloff to target red zone. A ...
USDCAD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at the high.
Outlook
Potential strong reversal from the down trend is in place. Breaking above B+1 will lead to B+2 quickly. A pullback to B+0 with that acting as support, will lead to another test of B+1.
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