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.
Lawrence's Comment
Recap
Upside triangle did not break to the downside at all. Instead, formed an up channel and drifted higher and paused after 50% of prior week range is reached. ...
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 strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end ...
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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