"Weekly Outlook" Posts
USDJPY May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint. Outlook The selloff down to Y-2 is just normal reaction to the spike reversal from Y+1. There is no need for any follow thru. If ninja fails to clear Y-1 this week, 101 and 100.5 are […]
Dow 30 May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. Dow zoomed to Y+1 and rejected on first test. Dow was thrown back down to week mid but holding up fine. Closed the […]
AUDUSD May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 held up fine, rallied to Y+2 as expected. Struggle around Y+2 since. Closed the week below Y+2 and above midpoint. Outlook Reversal came right on time, giving us a nice measured run back up to the resistance zone. Will take some time to absorb this first move to stage the next […]
Nasdaq 100 May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Strong gap down produced as squeeze straight back up in the beginning of the week. Yet Y+1 was not cleared. Failure to clear Y+1 gave us a test of the other boundary. NQ dropped down to 3500 round number and found support there. Another strong reaction back up to the upper zone. […]
USDCAD May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Easiest play last week. Failed right at resistance and then collapsed. Got Y-2 in 1 go and no strength to recover since. Y-3 extended target tagged and bounced. Closed the week below Y-1 and near midpoint. Outlook Mentioned many times here that 1.08 is a long term magic number going way back. […]
EURUSD May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Double fun with euro last week. 1.39 cleared early in the week, gave us a 100% absolute range expansion to right below 1.4 hard resistance which is also the upside target mentioned last week. Then we get the normal reaction from the resistance. Normal reaction turns into all out collapse when Y+1 […]
S&P 500 May 12 to May 16 Outlook
By News Robot
Lawrence’s Comment Recap Strong gap down at the start of the week gave fuel to an all out rally back up first. Since then ES ran out of fuel and sold off back down. Fed chair testimony sent ES into wild rides going up to test Y+1 first and then collapsed back down to Y-0. […]
GBPUSD May 12 to May 16 Outlook
Lawrence’s Comment Recap As expected, Cable has more upside to go and that played out last week. A directional squeeze up to Y+2 near 1.7 finally produced an exhaustion. Cable weaken since and then collapsed when it failed to hold Y+1. Closed the week near Y-0 and week low. Outlook Weekly reversal in place. As […]