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
Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and ...
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
Strong gap down at the start of the week gave fuel to an all out rally back up first. Since then ES ran out of fuel and sold off ...
FXCM made a press release regarding their clients losing so much money due to the dramatic move in Euro / Swiss Franc that they owe FXCM approximately $225 million dollars. ...
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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