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
As mentioned last week, the pocket below has to be taken care of first. Gap up open did not change the bias and gave us an even better drop. ...
USDCAD Apr 27 to May 01 Outlook
Lawrence’s Comment
Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint.
Outlook
Y-1 / B-1 support until proven otherwise. Cannot rule out a sudden surge to Y-0 as it can be staging a very slow bear flag on weekly.
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