Recap Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 and midpoint.
Outlook Multiple week compression gives us this powerful rally. More upside is expected. A drift back to B-0 support is possible but not necessary.
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
A repeat of previous week's tight range up drift. Supports were bought and no weaknesses / price break to sell into. 2nd test of previous week close gave Dow ...
Lawrence's Comment
Recap
Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged ...
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 Jan 13 to Jan 17 Outlook
Lawrence’s Comment
Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 and midpoint.
Outlook
Multiple week compression gives us this powerful rally. More upside is expected. A drift back to B-0 support is possible but not necessary.
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