"Weekly Outlook" Posts

GBPUSD May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Held upside breakout crime scene and took off from there. 100% absolute range expansion capped the move. Pullback to midpoint since. Closed the week above Y-0 and near midpoint. Outlook Brexit in effect. Even though potential up channel in the making things can change in a heart beat. B-0 turning into resistance […]

Nasdaq 100 May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high. Outlook Consolidation around B+1 likely until NFP Friday.

Dow 30 May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Resistance trend line breakout happened early in the week. Breakout play got us 100% absolute range exapnsion quickly. Closed the week above Y+1 and near week high. Outlook Consolidation around B+1 until NFP Friday likely.

USDJPY May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Consolidation around Y-0. Tight range week. Closed the week above Y-0 and midpoint. Outlook Inside week strong close. Breakout mode with upside advantage. Target B+3 and above.

EURUSD May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Steady decline from below Y-0 resistance. Testing long term support 1.12 from below and failed to clear it. Closed the week below Y-1 and near week low. Outlook Down trend intact. Brexit focus means potential test of monthly support near 1.00.

USDCAD May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Up trend expectation worked out from support. Y+2 normal target tagged. Closed the week above Y+1 and near week high. Outlook Brexit can cause all the majors to go into stand still situation. Consolidation around B-0 potential. As long as Y-0 / B-0 zone stays as support,up trend intact for more upside.

AUDUSD May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Support discovered below Y-1 and Aussie went into consolidation since. Closed the week near Y-1 and below midpoint. Outlook Y-1 support will produce a short term bottom with upside target B+2 in play.

S&P 500 May 30 to Jun 03 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 support started a squeeze as expected. Y+1 and Y+2 targets tagged easily. Closed the week above Y+2 and near week high. Outlook Consolidation play until NFP Friday. Shorten trading week and start of summer season points to reduced liquidity with more erratic moves.