"Weekly Outlook" Posts
USDJPY Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap As expected, ninja started weak and failed to clear even Y-1. That opened the door to Y-3. Flushed down to Y-3 and bounced. Closed the week below Y-1 and above midpoint. Outlook The flush was partially a lucky drop (not that I am not happy) thanks to the problematic BOJ officials. At […]
Nasdaq 100 Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap NQ resistance at Y-1 sent it down to right above Y-3 when 100% absolute range expansion was reached. NQ then staged a bottom right on time for a run back up to above 3800 round number for option expiration. Closed the week below Y-1 and near midpoint. Outlook As long as B-0 […]
EURUSD Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that’s exactly what happened right after. 100% absolute range expansion stopped euro from going higher. Closed the week above Y-0 and near midpoint. Outlook Decisive rejection of the 1.28 to 1.29 zone. FBO […]
AUDUSD Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap Started the week gap lower to challenge Y-1 and bounced. Y-0 resistance sent Aussie lower to retset previous week close. That held and a squeeze was resulted. Yet, Aussie failed to push much higher and stalled. Closed the week below Y-0 and near midpoint. Outlook Inside week closing near the midpoints implies […]
GBPUSD Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to the pre-flush price and immediately swinged back down to the the low. Yet, cable held the low and took off. Closed the week […]
Dow 30 Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap The expected bearish scenario unfolded. Dow failed to hold Y-1 and then dropped in a waterfall pattern clearing Y-2 and Y-3 in 1 go. The drop unleashed some panic selling but option expiration saved the week. Closed below Y-1 and above midpoint. Outlook Island reversals do not work well in general. Dow […]
S&P 500 Oct 20 to Oct 24 Outlook
By News Robot
Lawrence’s Comment Recap Similar to Dow, ES simply dropped as expected. After clearing Y-3, ES found support and bounced. ES rallied all the way up until Friday. Closed the week below Y-1 and above midpoint. Outlook As long as Y-1 / B+1 not breached, ES is likely to go lower into end of October.
USDJPY Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint. Outlook Consolidation likely to absorb the wild swings in both directions. 50% range consolidation points to price being trapped in B+1 and B-0 likely.
AUDUSD Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Rallied to the upside target of Y+2. Found resistance and sold off back down to Y-0 support. Y-0 could not hold it up, resulted in directional slide down to Y-2. Closed the week below Y-2 and near week low. Outlook Gold found resistance above so Aussie has no choice but to drop […]
USDCAD Oct 20 to Oct 24 Outlook
Lawrence’s Comment Recap Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint. Outlook 1.13 and above rejected but support below Y+1 has fended off the selling twice too. One side must give in. Until then, hands off this pair. […]