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
Lawrence's Comment
Recap
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. ...
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
A wash week as I told my premium members with last 2 days of the year likely bearish wiping out the gains. Closed the week above Y-0 and near ...
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 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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