Recap Unfolded exactly as mentioned last week – tried to rally and stalled at Y-0. Eventually closed the week at Y-1.
Outlook More weaknesses is expected. A test of B-2 is in play. Reaction there will tell if the drop is over. The more likely scenario is that B-2 will not stop the selloff and B-3 will be tagged quickly.
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
Selloff accelerated to the down side with no signs of strength at Y-2 and Y-3. This led to another stop run down to Y-5. Spike reversal against Y-5 gave ...
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 02 to May 06 Outlook
Lawrence’s Comment
Unfolded exactly as mentioned last week – tried to rally and stalled at Y-0. Eventually closed the week at Y-1.
Outlook
More weaknesses is expected. A test of B-2 is in play. Reaction there will tell if the drop is over.
The more likely scenario is that B-2 will not stop the selloff and B-3 will be tagged quickly.
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