Recap No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up to Y-1. Closed the week below midpoint and Y-2.
Outlook Too weak to form a bottom at this level. Further downside will pull this down to B-2 / par level.
Lawrence's Comment
Recap
Got the pullback/ Yet not quite down to Y-0. Got the rally to new high, yet not quite up to the target Y+2. Behaved like a consolidation week in ...
Lawrence's Comment
Recap
Zoomed higher to Y+2 and consolided since. Later in the week, drifted higher and eventually breakout to the upside. Closed the week at week high and above Y+3.
Outlook
Out 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
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
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 06 to May 10 Outlook
Lawrence’s Comment
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up to Y-1. Closed the week below midpoint and Y-2.
Outlook
Too weak to form a bottom at this level. Further downside will pull this down to B-2 / par level.
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