Recap Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.
Outlook Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.
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 page
Trading 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 of the 3 indices - upside range expansion followed fib ratio instead of the more structured 50%. That tells us the rally is getting emotional. Closed the ...
USDCAD Sep 08 to Sep 12 Outlook
Lawrence’s Comment
Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint.
Outlook
Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.
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