Recap Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint.
Outlook Down trend on daily broken. Now US dollar has to prove its strength by holding up B-2 / Y-0 zone as support to form a better longer term swing bottom.
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
No test of Y-0 from above at all, just gap and blow thru the Y+1 resistance. Forced a breakout to 100% expansion target of Y+3. Closed the ...
Lawrence's Comment
Recap
Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced ...
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 mentioned last week, "there is no upside at all for NQ". The price level NQ opened at was pretty much B+1 of the week. Big swings dropped NQ ...
Lawrence's Comment
Recap
Consolidation week at 50% range. Closed the week beow Y-1 and near week low.
Outlook
Quick drop to B-2 points to weekly range expansion down to Y-3 potential. Grexit ...
USDCAD Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint.
Outlook
Down trend on daily broken. Now US dollar has to prove its strength by holding up B-2 / Y-0 zone as support to form a better longer term swing bottom.
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