Recap Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook B+1 and B+2 are the targets for the coming week.
A consolidation below B+1 for the coming week will create a potential bearish scenario that B-1 must hold as support, otherwise a quick selloff to B-3 will be in play.
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
Majority of the week was trapped within Y-0 to Y+1 as expected. The disaster just happened has brought the pair back down to Y-1 to close.
Outlook
It is not ...
Lawrence's Comment
Recap
Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near ...
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
USDCAD May 23 to May 27 Outlook
Lawrence’s Comment
Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook
B+1 and B+2 are the targets for the coming week.
A consolidation below B+1 for the coming week will create a potential bearish scenario that B-1 must hold as support, otherwise a quick selloff to B-3 will be in play.
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