"Weekly Outlook" Posts
Nasdaq 100 Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation as expected with a very thin up channel in place all week. Spike breaks of the channel all failed throughout the week. Closed the week near Y+1 and midpoint. Outlook Tight range channels do not last. The usual break of an up channel like this is a pullback top B-1 and […]
USDJPY Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 and below midpoint. Outlook Consolidation without breaking Y-0 is sign of strength. As long as Y-0 / B-1 holds, ninja can push higher […]
EURUSD Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap More downside as expected. 50% range bounded the price actions. Closed the week near Y-1 and midpoint. Outlook Consolidation around Y-1 points to continuation of current trend likely. So a break of B-1 and moving down to B-2 / Y-2 and below is likely.
Dow 30 Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint. Outlook As long as B+1 acting as resistance we are looking for at least filling one open gap below. That points to below B-1 price level likely and Y-0 / B-2 target.
GBPUSD Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since then sent cable back up to where the spike reversal started. Closed the week above Y-0 and midpoint. Outlook B+1 / Y+1 strong […]
AUDUSD Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance sent Aussie down to Y-2 target. Channel formation in place sending Aussie down to Y-3 where the channel bottom is. Closed the week near Y-2 and below midpoint. Outlook Channel play until Aussie move out of the channel. Y-1 strong resistance until proven otherwise. A retest of B-1 likely.
S&P 500 Nov 02 to Nov 06 Outlook
By News Robot
Lawrence’s Comment Recap Pullback to support zone mentioned last week. That held up well and sent ES striaght up to Y+1. FOMC announcement induced volatility and ended up resolving to the upside. Closed the week near Y+1 and midpoint. Outlook Topping below B+1 points to potential breakdown below B-1.
Nasdaq 100 Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led to a bounce back up to Y-0 again. Closed the week below Y-0 and midpoint. Outlook Two way potential. IHS at the start […]
USDJPY Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap 2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1. Outlook No one dare to challenge BOJ hence the choppy actions and lack of direction. But it is just a repeat of what the other politicians did like Merkel who talk tough but they cannot fully […]
USDCAD Nov 02 to Nov 06 Outlook
Lawrence’s Comment Recap 3rd push higher above Y+1 failed to clear monthly resistance. Y+1 turning into resistance since sending this back down to Y-0. Closed the week near Y-0 and week low. Outlook The fight to clear monthly resistance and break weekly level support continues. B-2 / Y-1 strong support until proven otherwise.