Recap Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and midpoint.
Outlook Original daily uptrend was broken but downtrend has not been established yet. As long as Y-1 / B-0 acting as resistance, a retest of B-1 is likely.
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
Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook
The ...
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 05 to May 09 Outlook
Lawrence’s Comment
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and midpoint.
Outlook
Original daily uptrend was broken but downtrend has not been established yet. As long as Y-1 / B-0 acting as resistance, a retest of B-1 is likely.
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