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Lawrence's Comment Recap S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MORES&P 500 Feb 11 to Feb 15 OutlookDow 30 Dec 29 to Jan 02 OutlookIntraday Cycle Projection (USDCAD) 2017-04-24GBPUSD Oct 23 to Oct 27 OutlookPrecog Vision – Forex 2017-9-15Weekly Cycle Projection (USDCAD) 2014-10-20Intraday Cycle Projection (USDCAD) 2018-11-26Intraday Cycle Projection (USDCAD) 2019-06-10Precog Vision – Forex 2011-5-25Hot n Cold (USDCAD) 2016-3-11
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USDCAD May 20 to May 24 Outlook
Lawrence’s Comment
Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed the week near week high and below Y+3.
Outlook
Weaknesses in gold helped the reversal going higher here. The last part of the up run was classic stop run so a retest of Y+2 / B-0 is likely. Consolidation with mild downside bias.
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