Recap Attempt to form higher timeframe bull flag failed. Daily bull flag upside breakout gave us Y+1 and then Y+2. Closed the week above Y+1 and midpoint.
Outlook Strong uptrend established. B-0 support until proven otherwise.
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
Note: Somehow the post for last week is missing from the database.
Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint.
Outlook
3rd week ...
Lawrence's Comment
Recap
Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 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 May 23 to May 27 Outlook
Lawrence’s Comment
Attempt to form higher timeframe bull flag failed. Daily bull flag upside breakout gave us Y+1 and then Y+2. Closed the week above Y+1 and midpoint.
Outlook
Strong uptrend established. B-0 support until proven otherwise.
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