"Weekly Outlook" Posts

USDJPY Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with upside breakout followed. Of course, it turned out that someone knew about the BOJ plan and it showed in the chart. BOJ shock […]

EURUSD Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint. Outlook The drop in euro is affected by both ECB jawboning and BOJ action. It is lack of volume that dropped euro lower. If Euro can […]

Nasdaq 100 Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap NQ was under heavy distribution mid week with likely target below Y+1, yet the BOJ announcement took the world by surprise and many traders are burnt badly. NQ shot up to Y+2 and stalled. Closed the week near Y+2 and week high. Outlook Not normal market condition. Shorts are squeezed meaning liquidity […]

USDCAD Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against Y-1. Closed the week above Y-0 and midpoint. Outlook Sellers discovered above Y+1. It implies as long as B-0 holds, a run back […]

AUDUSD Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint. Outlook As explained last week, whiplash is expected and we’ve got the upside completed. Now as long as B-0 / Y+1 acting as […]

GBPUSD Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and below midpoint. Outlook BOJ’s action is causing a shock and it will take a few days before the majors can find the right […]

Dow 30 Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Did not expect BOJ’s sudden announcement but the chart told us that it did not want to drop. The footprint of those who knows staring at us with not even one lower high swing on 30 minute. Full range expansion to Y+3. Closed the week above Y+2 and near week high. Outlook […]

S&P 500 Nov 03 to Nov 07 Outlook

By News Robot

Lawrence’s Comment Recap Similar to Dow but weaker. S&P can only muster up 100& absolute range expansion. Closed the week above Y+2 and near week high. Outlook Unusual circumstances implies uncertainty ahead. It is better to wait for a day or two to see if the reaction to BOJ’s actions is too much. If so […]

Nasdaq 100 Mar 03 to Mar 07 Outlook

By News Robot

Lawrence’s Comment Recap Consolidation actions as expected. Rally towards end of week was mainly a stop hunt. Sold off by end of the week due to news shock regarding conflict in Ukraine. Closed the week above Y+1 and midpoint. Outlook No strong bias for either direction. Closing near open of the week points to indecision. […]

USDJPY Mar 03 to Mar 07 Outlook

By News Robot

Lawrence’s Comment Recap As expected, ninja dropped back down to Y-0. After it breached Y-0, ninja weaken further. Closed the week below Y-0 and midpoint. Outlook Inside week after outside week with Y-0 and B-0 near each other. Indecision continues. Due to the conflict in Ukraine, it may lead to the spike up because of […]