"Weekly Outlook" Posts
Nasdaq 100 Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high. Outlook No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target […]
S&P 500 Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap ES pushed into Y+1 and Y+2 zone as expected. So far no sign of reversal though. Closed the week near Y+2 and above midpoint. Outlook Test of B+1 will tell us if this leg up is over. Downside target B-1 and below.
AUDUSD Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Channel breakdown play worked out perfectly with Y-2 target tagged. Closed the week near Y-2 and week low. Outlook Potential weekly down trend in the making. B-0 / Y-1 resistance must hold for further downside push towards B-2 and below.
USDJPY Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close support helped sending ninja higher. Consolidation week actions since. Closed the week near Y+1 and midpoint. Outlook Consolidation around Y+1 after a strong rally is bullish. As long as B-2 / Y-0 holds up, retest of B+1 likely.
EURUSD Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint. Outlook FOMC week will decide how far Euro is going to drop. Target of 1.08 still in play.
GBPUSD Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around Y-0 all week. Closed the week below Y-0 and midpoint. Outlook Structure of inverse head and shoulder intact but the formation has weaken. Breaking below B-2 points to weekly down trend continuation.
Dow 30 Jul 25 to Jul 29 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation week moving around Y+1. Closed the week near Y+1 and midpoint. Outlook Y+1 acting as resistance if give us a test of Y-0 / B-2.
Dow 30 Apr 25 to Apr 29 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close defended gave us a run for Y+2. Y+2 tagged and strong reaction there dropped Dow back down to Y+1. Closed the week near Y+1 and midpoint. Outlook Potential FBO against Y+1 in place with targets Y-0 and Y-1 in play. As long as Y+1 /B+1 zone continues to serve […]
USDJPY Apr 25 to Apr 29 Outlook
By News Robot
Lawrence’s Comment Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high. Outlook More upside expected. Consolidation / pullback to Y+2 is reasonable.
USDCAD Jul 25 to Jul 29 Outlook
Lawrence’s Comment Recap Previous week close acted as support gave us a clean run up to Y+1 and then 100% absolute range expansion. Closed the week near Y+1 and above midpoint. Outlook As noted several weeks ago, the weekly support underneath is strong and that it is more likely we see a push towards year […]