Recap Consolidation around previous week close. Wait and see situation due to the crisis in Ukraine has taken a turn for the worse. Gold strengthen last week played a role in keeping Loonie strong. Closed the week below Y+1 and near midpoint.
Outlook Compression leads to breakout. B-3 and B+3 are now in play depending on the breakout direction. Odds slightly favour a sharp pullback based on chart pattern.
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Lawrence's Comment
Recap
Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and ...
Lawrence's Comment
Recap
Resistance zone mentioned last week capped Euro upside and the breaking of Y-0 gave us Y-1 downside target as expected. Closed the week near Y-1 and week low.
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USDCAD Apr 28 to May 02 Outlook
Lawrence’s Comment
Consolidation around previous week close. Wait and see situation due to the crisis in Ukraine has taken a turn for the worse. Gold strengthen last week played a role in keeping Loonie strong. Closed the week below Y+1 and near midpoint.
Outlook
Compression leads to breakout. B-3 and B+3 are now in play depending on the breakout direction. Odds slightly favour a sharp pullback based on chart pattern.
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