Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high.
Outlook Strong support at Y-1 / B-0 with B+2 in play in coming weeks.
Lawrence's Comment
Recap
Retest of Y-1 and support below as expected. Struggled a bit down there but managed to print week high later in the week. Closed the week near Y-0 and ...
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
Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low.
Outlook
The monthly resistance is now confirmed. B-0 / Y+1 very strong ...
USDCAD May 04 to May 08 Outlook
Lawrence’s Comment
Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high.
Outlook
Strong support at Y-1 / B-0 with B+2 in play in coming weeks.
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