Recap Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint.
Outlook 1.13 and above rejected but support below Y+1 has fended off the selling twice too. One side must give in. Until then, hands off this pair.
Best setup is a clean break of B-1 with that turning into resistance, which will give us B-2 quickly with B-3 in the card.
It is known, for the longest time, that "some" banks like to save their clients' forex orders together and then front run them all by London close. It was a ...
Lawrence's Comment
Recap
Spike higher in beginning of the week and sold off from there. Yet Y-0 was not tagged. Earning shocks sent ES above resistance and tagged Y+2 and ...
Lawrence's Comment
Recap
Rally continued until Y+2 is tagged. News shock from Euro zone induced a sharp selloff back down to above 1.00, slightly higher than Y-0. Closed the week ...
Lawrence's Comment
Recap
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ...
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
USDCAD Oct 20 to Oct 24 Outlook
Lawrence’s Comment
Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint.
Outlook
1.13 and above rejected but support below Y+1 has fended off the selling twice too. One side must give in. Until then, hands off this pair.
Best setup is a clean break of B-1 with that turning into resistance, which will give us B-2 quickly with B-3 in the card.
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