"Weekly Outlook" Posts
USDJPY Dec 22 to Dec 26 Outlook
Lawrence’s Comment Recap Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high. Outlook The most unusual intervention […]
USDCAD Dec 22 to Dec 26 Outlook
Lawrence’s Comment Recap Held close from the week before and run higher until 50% range reached. Consolidation / sideway actions all the way. Closed the week above Y+1 and below midpoint. Outlook Holiday trading for last 2 weeks of this year. Usually we do not see major swings during this time. In the rare situation […]
EURUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment Recap Euro FBO against Y+1 in thin trading environment gave us a go for the selloff target Y-1. No pullback whatsoever, Y-1 tagged by the end of the week. Closed the week below Y-1 and near week low. Outlook Weaknesses going into year end can lead to more selling, although not necessary flush […]
Nasdaq 100 Dec 22 to Dec 26 Outlook
GBPUSD Dec 22 to Dec 26 Outlook
Dow 30 Dec 22 to Dec 26 Outlook
S&P 500 Dec 22 to Dec 26 Outlook
Lawrence’s Comment Recap Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near Y+1 and week high. Outlook The 2nd part of the rally was exposed to be the work of some central banks buying directly. […]
USDJPY Sep 22 to Sep 26 Outlook
Lawrence’s Comment Recap No FBO so trend continue until 100% absolute range expansion tagged. Closed the week above Y+2 and midpoint. Outlook A clear sign of stop run happen around 108 which was the recommended stop from many firms. This implies short term swing top is in the making with a pullback to Y+1 and […]
AUDUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment Recap As expected the consolidation led to further weaknesses and that the downside target of Y-2 was tagged. Aussie went sideway since. Closed the week near Y-2 and below midpoint. Outlook Holiday trading points to tight range and noisy movements in smaller timeframes. It will not be a surprise to see an expanded […]