Recap Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.
Outlook Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up drift can continue until more stops above are discovered.
Lawrence's Comment
Recap
Euro broken out to the upside after news shock. Stayed in a tight range above Y+1 since. Closed the week above Y+1.
Outlook
Critical week.
If euro can stay ...
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
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
Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...
USDCAD Jul 27 to Jul 31 Outlook
Lawrence’s Comment
Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint.
Outlook
Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up drift can continue until more stops above are discovered.
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