Recap Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above Y+2 and near week high.
Outlook More upside is expected. Consolidation will keep price holding around B+1.
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 expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below ...
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 projected last week, a test of resistance first and then a drop to target below. Very orderly. Closed the week above midpoint and Y-1.
Outlook
Support zone acted ...
Lawrence's Comment
Recap
The mechanical down push continues in first half of the week and then the trend was broken. After FBO against the low established earlier in the week and failed ...
Lawrence's Comment
Recap
Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed ...
USDCAD May 25 to May 29 Outlook
Lawrence’s Comment
Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above Y+2 and near week high.
Outlook
More upside is expected. Consolidation will keep price holding around B+1.
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