Recap Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook B-1 retest likely. Double bottom against B-1 points to at least a test of Y-0. Closing above B-0 will signal short term bottom in place.
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
Failed to take out Y+1, forming double top early in the week and started a selloff. Closed the week near week low.
Outlook
FBO to the upside on weekly. Y-2 ...
Lawrence's Comment
Recap
Cable failed to hold Y-1 as expected and dropped to the target zone mentioned last week. It failed to bounce above Y-1, hence the down trend continued until 100% ...
USDCAD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest likely. Double bottom against B-1 points to at least a test of Y-0. Closing above B-0 will signal short term bottom in place.
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