Recap As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.
Outlook B-2 is next downside target. The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.
Lawrence's Comment
Recap
Further pullback happened but Y-1 was not tagged. This gives cable the strength to clear Y-0 and gun for Y+1 and above. Closed the week above Y+1 and midpoint.
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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
Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...
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 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
As mentioned last week, a bounce from Y-1 was expected but it failed to tag Y+1. Closed the week below midpoint and Y-0.
Outlook
B-2 is next downside target.
The less likely scenario is a slow grind selloff to B-1 with a quick rally from there taking out B-0. If that happens, the down trend is broken.
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