Recap Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
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
1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above ...
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 Mar 17 to Mar 21 Outlook
Lawrence’s Comment
Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook
Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
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