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
No pullback to support making this more difficult to go higher. Consolidation above Y+1 all week. Closed the week above midpoint and Y+1.
Outlook
Y+1 acted as support all week points ...
Lawrence's Comment
Recap
Collapsed down to target as expected BUT that is not shown in the chart because the selloff happened in afterhours. Bounced off that afterhours low and never looked ...
USDCAD May 02 to May 06 Outlook
Lawrence’s Comment
Y-1 retested as expected. Failing to hold the zone gave us 100% expansion of the consolidation range. Closed the week below Y-1 and midpoint.
Outlook
Falling wedge in the making. Until we see B-0 / Y-1 acting as support, down trend still in force.
Share