Recap Reduced range drifting. Closed above Y+1 and midpoint.
Outlook As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
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
My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1.
Outlook
Weekly and monthly ...
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
Bullish scenario unfolded and tagged Y+2 target. STOPD swing in its simplest form. Closed the week at its high.
Outlook
Should move higher above B+1 early in the week. ...
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 21 to Apr 25 Outlook
Lawrence’s Comment
Reduced range drifting. Closed above Y+1 and midpoint.
Outlook
As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
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