Recap Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook B+1 and B+2 are the targets for the coming week.
A consolidation below B+1 for the coming week will create a potential bearish scenario that B-1 must hold as support, otherwise a quick selloff to B-3 will be in play.
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
Lawrence's Comment
Recap
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...
USDCAD May 23 to May 27 Outlook
Lawrence’s Comment
Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook
B+1 and B+2 are the targets for the coming week.
A consolidation below B+1 for the coming week will create a potential bearish scenario that B-1 must hold as support, otherwise a quick selloff to B-3 will be in play.
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