"Weekly Outlook" Posts
USDJPY Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap As expected Ninja popped slightly higher and stalled. Consolidation with 50% range. Closed the week above Y-0 and belo w midpoint. Outlook It takes time to absorb the rally. Pullback on daily in progress and a drop to Y-0 / B-2 is not a surprise. As long as the pullback can hold […]
Nasdaq 100 Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap Deep pullback to Y-0 as expected. Closed the week near Y-0 and week low. Outlook Potential significant top in place as NQ new high was not comfirmed by Dow or ES. Can lead to quick drop back down to Y-1 if NQ cannot close above B-0 by end of this week.
AUDUSD Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap Bearish bias worked out. Y-0 resistance sent Aussie down to Y-2 normal target. Closed the week near Y-2 and week low. Outlook Y-3 target is still in play. Y-1 / B-0 strong resistance until proven otherwise.
Dow 30 Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap Weakest of the 3 major indices. The dirty bottom mentioned last week was being retested by the end of the week. Closed the week below Y-3 and near week low. Outlook Directional momentum moves cannot be stopped easily. More downside is expected. Until B-1 turning into support after flushed through, we do […]
EURUSD Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap Euro bounced off Y-1 back to Y-0 / 1.10 long term support which is now strong resistance. Closed the week below Y-0 and above midpoint. Outlook Euro daily level bear flag. Not the time to be bullish until Y-0 / 1.10 turning into support again.
USDCAD Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint. Outlook Consolidation around Y+1 is bullish. Up channel like behaviour at multiple year high implies bulls are in control. Until the up trend line support from the past several weeks is broken, the up […]
S&P 500 Jul 27 to Jul 31 Outlook
By News Robot
Lawrence’s Comment Recap ES followed the other 2 indices making a major reversal. Custom breadth models correctly identified the expected weaknesses. Closed the week below Y-1 and near week low. Outlook Y-1 now strong resistance, the open gaps below are in play in coming weeks.
USDCAD Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint. Outlook Y-1 / B-1 support until proven otherwise. Cannot rule out a sudden surge to Y-0 as it can be staging a very slow bear flag on weekly.
EURUSD Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 resistance sent Euro lower but it found support at Y-0. After 2nf try failed to clear Y-0, Euro was forced to test Y+1 after. Closed the week near Y+1 and above midpoint. Outlook Euro effective moved back up to the crime scene where the break down started. At this point it […]
GBPUSD Jul 27 to Jul 31 Outlook
Lawrence’s Comment Recap Y+1 resistance sent Cable back down to Y-1 as expected. Closed the week below Y-0 and midpoint. Outlook Inside week weak close is bearish. Breakout mode with B-0 cleared from below will lead to at least a test of B+1. B-0 strong resistance until proven otherwise with downside breakout more likely.