"Weekly Outlook" Posts
USDJPY Jul 27 to Jul 31 Outlook
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
AUDUSD Jul 27 to Jul 31 Outlook
Dow 30 Jul 27 to Jul 31 Outlook
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
USDCAD Jul 27 to Jul 31 Outlook
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
USDCAD Apr 27 to May 01 Outlook
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
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.