Recap Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint.
Outlook Sellers discovered above Y+1. It implies as long as B-0 holds, a run back up (can be a slow one) to retest Y+1 is likely.
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
Cable tried to bottom yet not producing a strong reaction at Y-1 to go higher. Instead, it is trapped below the 1.66 key price level mentioned last week. Closed ...
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
Capped by previous week close / Y-0. Eventually did the test of Y-1 and took off before it was even tagged. Cleared previous week close and gave us equal ...
USDCAD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint.
Outlook
Sellers discovered above Y+1. It implies as long as B-0 holds, a run back up (can be a slow one) to retest Y+1 is likely.
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