"Weekly Outlook" Posts
Nasdaq 100 Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Very nice rally off the support zone mentioned last week. Rally until 100% absolute range expansion completed. Y+2 rejected leading to a drop back down to Y+1. Closed the week above Y+1 and midpoint. Outlook Completely different from Dow, NQ has been holding onto its bullish up trend on weekly. This gives […]
GBPUSD Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below Y-1 and near week low. Outlook Long term support zone 1.69-1.70 can trigger some wild swings. As long as Y-1 / B-0 acting […]
AUDUSD Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint. Outlook Y+1 failing to hold means the bottom from last week was not strong enough. A retest of B-1 is likely.
USDJPY Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint. Outlook Instead of forming a good bottom, ninja was forced back up by external factors including intervention by BOJ. This makes the Y-1 bottom dirty and a retest of that is […]
USDCAD Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 support consolidation created a breakout play. Breaking above led to a surge to measured move target above Y+1. Closed the week above Y+1 and near week high. Outlook 2nd push higher with strong resistance above at B+1 / Y+2. Clearing Y+2 quickly will lead to a quick run to B+3. Consolidation […]
EURUSD Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low. Outlook 1.33 target still in play. Bottom picking actions so far can lead to a decisive flush towards 1.33 this week. In turn, a temporary […]
S&P 500 Jul 28 to Aug 01 Outlook
By News Robot
Lawrence’s Comment Recap Gap down with Dow but testing the Y-0 zone only. Rallied since upto 100% absolute range expansion. As mentioned last week, we need a decisive break above Y+1 for continuation to the upside. We did not get one so pullback to B-0 at the end of the week. Closed the week above […]
USDJPY Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap As expected the test of Y+1 has failed. Minimal target at Y-0 was tagged. But the pullback was very slow. Closed the week above Y-0 and below midpoint. Outlook Similar to other majors, the anticipation of war has crippled normal trading activities. Should the situation in Ukraine get worse, the flight to […]
AUDUSD Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap Held Y-1 in the beginning of the week and drifted higher to Y-0. Found resistance and trashed down to my downside target Y-2. Went sideway since. Closed the week near Y-2 and below midpoint. Outlook As mentioned last week the downside move was not completed and it is likely to be taken […]
Dow 30 Jul 28 to Aug 01 Outlook
Lawrence’s Comment Recap Gap down to start the week with a test of Y-1. Y-1 rejected decisively led to a run towards the resistance zone mentioned last week. Spent most of the week holding above Y-0 until the sudden collapse. Closed the week below Y-1 and midpoint. Outlook Potential weekly and monthly FBO in the […]