Recap Resistance zone mentioned last week capped the upside. Downside target tagged late in the week and bounced. Closed the week below Y-1 and midpoint.
Outlook Confirmed weaknesses means a strong breakout above B-0 and that it turns into support is necessary for USD to gain strength against Loonie. Upside target from the setup points to at least B+2.
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
Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move ...
Lawrence's Comment
Recap
As expected, Y+1 tagged early in the week. Consolidation since then.
Outlook
As long as Y-0 to B-1 acts as support, retest of B+1 is likely.
A quick break of ...
USDCAD Jun 02 to Jun 06 Outlook
Lawrence’s Comment
Resistance zone mentioned last week capped the upside. Downside target tagged late in the week and bounced. Closed the week below Y-1 and midpoint.
Outlook
Confirmed weaknesses means a strong breakout above B-0 and that it turns into support is necessary for USD to gain strength against Loonie. Upside target from the setup points to at least B+2.
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