Recap Made a deep pullback but finally reacted similarly like Aussie. Completed the week by tagging the target Y+1.
Outlook As long as B-0 acts as support, B+2 is next target. A longer term bottom is potentially made last 2 weeks. Confirmation pattern not in place yet.
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
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts ...
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 16 to May 20 Outlook
Made a deep pullback but finally reacted similarly like Aussie. Completed the week by tagging the target Y+1.
Outlook
As long as B-0 acts as support, B+2 is next target.
A longer term bottom is potentially made last 2 weeks. Confirmation pattern not in place yet.
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