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
Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint.
Outlook
End of ...
Lawrence's Comment
Recap
Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...
USDCAD May 19 to May 23 Outlook
Lawrence’s Comment
As expected, consolidation near Y-0 with tight range. Closed the week below Y-0 and near week low.
Outlook
Y-1 is asking for a retest. It is lined up with B-2 which makes it a stronger magnet.
A strong reaction to B-2 that snap back up above B-1 will set the stage for a strong rally above B+1 in a week or two.
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