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
The mechanical down push continues in first half of the week and then the trend was broken. After FBO against the low established earlier in the week and failed ...
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 Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Consolidated around Y+1. Mildly bullish as expected. Closed the week above Y+1 and midpoint.
Outlook
Need the pair to tag B+2 soon and holding above 0.98 to stay bullish.
On 4 hour it is clear that we have an upchannel / bear flag formation in place so far. If the channel support is broken, B-2 (0.97) will be retested.
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