Recap This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up quickly above Y-1. Closed the week at midpoint and above Y-1.
Outlook If B+1 is cleared quickly we have a swing bottom in place with closest target at B+3 / Y+1 area.
If B-0 to B+1 acting as resistance, looking for a flush to 0.96 area as stated last week.
Lawrence's Comment
Recap
Weekly bull flag breakout gave us new high and 200% range expansion. Closed the week above Y+4 and near week high.
Outlook
1.40 resistance is now strong support. Monthly ...
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
FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 ...
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 14 to Jan 18 Outlook
Lawrence’s Comment
This pair just stuck at a tight range all week. The break and flush near end of week did not produce a run as it bounced back up quickly above Y-1. Closed the week at midpoint and above Y-1.
Outlook
If B+1 is cleared quickly we have a swing bottom in place with closest target at B+3 / Y+1 area.
If B-0 to B+1 acting as resistance, looking for a flush to 0.96 area as stated last week.
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