Recap Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above Y+2 and near week high.
Outlook More upside is expected. Consolidation will keep price holding around B+1.
Lawrence's Comment
Recap
Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint.
Outlook
This ...
Lawrence's Comment
Recap
Monday we saw a brake was applied then Tuesday we get a repeat. A lot of people did not get the memo that it is the week to go ...
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
Aussie driven lower in the beginning of the week down to Y-1. Found support there can zoomed to Y+2. 2nd attempt at clearing Y+2 failed and led to a ...
Lawrence's Comment
Recap
Slow pullback / consolidation as expected. Closed near Y-1 below midpoint.
Outlook
End of the week sharp reversal points to strong resistance around B+1 area. There is no real ...
USDCAD May 25 to May 29 Outlook
Lawrence’s Comment
Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above Y+2 and near week high.
Outlook
More upside is expected. Consolidation will keep price holding around B+1.
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