"Weekly Outlook" Posts
GBPUSD Jun 02 to Jun 06 Outlook
USDCAD Jun 02 to Jun 06 Outlook
Lawrence’s Comment 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 […]
AUDUSD Jun 02 to Jun 06 Outlook
Lawrence’s Comment Recap Aussie could not push higher as expected and dropped back down to retest Y-1. Y-1 rejected, gave us target Y-0 and the double bottom gave us target at the pre-breakdown price. Aussie rallied higher and got both targets. Closed the week above Y-0 and midpoint. Outlook Strength in Aussie deviated from gold’s […]
USDJPY Jun 02 to Jun 06 Outlook
Lawrence’s Comment Recap Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed the week above Y-0 and near midpoint. Outlook A consolidation week in reduced range. Holding Y-0 is sign of strength. As long as […]
Dow 30 Jun 02 to Jun 06 Outlook
Lawrence’s Comment Recap Tricky week indeed. Dow opened above Y+1 invalidated the normal pullback scenario. Y+1 acting as support since and eventually led to end of week rally to close at month high. Closed the week above Y+1 and near B+1. Outlook “Revenge reversal” is a common pattern for Dow. It usually results in 100% […]
EURUSD Jun 02 to Jun 06 Outlook
Lawrence’s Comment Recap Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint. Outlook As long as B-1 holds, Euro has a good chance for a significant bounce back up to B+2 and B+3. It is necessary to relieve the […]
Nasdaq 100 Jun 02 to Jun 06 Outlook
Lawrence’s Comment Recap NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the week near Y+2 and above midpoint. Outlook The over extended condition continues but the lack of volume issue as mentioned last week helps […]