Recap Reduced range drifting. Closed above Y+1 and midpoint.
Outlook As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
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
Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low.
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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
USDCAD Apr 21 to Apr 25 Outlook
Lawrence’s Comment
Reduced range drifting. Closed above Y+1 and midpoint.
Outlook
As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1.
A slow drift back down to B-1 will be very strong setup to swing higher in coming weeks.
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