"Weekly Outlook" Posts

USDCAD May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 and near midpoint. Outlook FBO against Y-1 on daily. Potential run to B+1 and Y+1 as long as Y-1 acting as support.

Nasdaq 100 May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint. Outlook Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 […]

USDJPY May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap Dropped to Y-1 as expected. Bounced back immediately. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint. Outlook 4 Hour down channel established. Until break out of the structure, ninja will follow the channel play script.

Dow 30 May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow higher clearing Y+1. Closed the week above Y+1 and near week high. Outlook Dow in a complex rising wedge structure that can easily […]

EURUSD May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high. Outlook Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down […]

GBPUSD May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint. Outlook This last push higher clearing 1.56 was a major stop run. This makes the rally unstable and a pullback to B-0 / Y+1 is […]

AUDUSD May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap 2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 sent Aussie back down to Y+1. Outlook Potential FBO in place if Aussie cannot hold above Y+1, with Y-1 target. As long as […]

S&P 500 May 18 to May 22 Outlook

By News Robot

Lawrence’s Comment Recap ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES fuel to charge higher and tagged Y+1. Closed the week above Y+1 and near week high. Outlook Complex legs leading to just touch […]