Recap Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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
ES bull flag on 30-min and hourly landed at Y-0 support. Strong squeeze on the shorts led to breakout of Y+1. Closed the week above Y+1 and near week ...
Lawrence's Comment
Recap
Warned about intervention since beginning of the year. Here we go again - some did all they can to support the low grade bonds, spreading rumors of solutions ...
USDCAD Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook
Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings on daily and intraday.
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