"Weekly Outlook" Posts

AUDUSD Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Aussie held the support zone mentioned last week. That helped Aussie to push through its resistance and reached Y+2 normal continuation target. Closed the week above Y+1 and midpoint. Outlook Strength in Aussie is a gift from gold. Aussie was not stable at B+1. A pullback to B-1 is likely if Aussie […]

Dow 30 Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Gapped above Y+1 to start the week but failed to hold above. As a result, a quick rush down to Y-0 and in turn opened the door to Y-1. Closed the week near Y-1 and week low. Outlook Outside down week following trend buy week is bearish. Two outcomes are likely. First, […]

GBPUSD Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and week high. Outlook The breakout play was a bit of a surprise to many thus the squeeze like nature of the move. Consolidation […]

Nasdaq 100 Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap 3800 resistance mentioned last week produced a mild pullback late in the week. Bounced from Y-0 after it was tested. Closed the week above Y-0 and below midpoint. Outlook Unlike Dow or S&P, NQ experienced only a mild pullback and its up trend is not affect on weekly or daily basis. This […]

USDJPY Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint. Outlook A shallow pullback turned into down channel. The channel would not last. A break above B-0 points to retest of B+1 and higher. Y-1 has a […]

USDCAD Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Just like ninja, support zone failed to produce a low. Door to Y-1 opened. Y-1 target zone reached and the drop stalled. Closed the week below Y-0 and near week low. Outlook Inside week with close near the bottom of the range is bearish. A test of Y-1 is likely. Spiking through […]

EURUSD Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop until equal distance from Y-0 was reached. Closed the week below Y-0 and midpoint. Outlook Inside week and weak close points to a […]

S&P 500 Jun 16 to Jun 20 Outlook

By News Robot

Lawrence’s Comment Recap Blow-off action on Monday led to the expected pullback of 30 points. Closed the week below Y-0 and midpoint. Outlook Potential blow-off top on weekly. Y-0 / B-0 strong resistance. A test of Y-1 and below likely as long as the resistance zone can cap the bounce from B-1.