"Weekly Outlook" Posts
EURUSD Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Sudden intraday swings all week. 100% range capped all the moves. Closed the week belowY-0 and above midpoint. Outlook Brexit week means wait and see until it is over. This means not just wait for the outcome of the vote but also all the immediate legal challenges on the results that follow […]
USDCAD Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint. Outlook Brexit not only affects Cable but also all the other majors. No point in predicts which way the markets will react. Time to […]
Dow 30 Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Sold off as expected. Target Y-3 tagged. Easy weekly move completed. Closed the week near Y-2 and midpoint. Outlook Gaps above B+1 and below B-1 are in play once Brexit result is in. Wait for the initial reactions to tell us which way to join the game.
GBPUSD Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high. Outlook Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to […]
USDJPY Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint. Outlook Brexit can indirectly affects ninja jumping back up to Y-1 or B-2 quickly. Wait and see mode.
AUDUSD Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap V-reversal not confirmed by end of week. Range bounded move all week between Y-0 and Y-1. News shock later in the week led to 2-way fade out. Closed the week below Y-0 and above midpoint. Outlook Potential spike and ledge top in the making. Brexit will tell us if that is true.
S&P 500 Jun 20 to Jun 24 Outlook
By News Robot
Lawrence’s Comment Recap Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint. Outlook Brexit breakout play off the wide range of B+1 and B-1. This means B+2 and B-2 are in play. Will be difficult for swing players to position themselves properly due to spike in volatility expected. Sit […]
Nasdaq 100 Jun 20 to Jun 24 Outlook
Lawrence’s Comment Recap Bearish expectations worked out. 100% range expansion capped the move. Closed the week below Y-2 and near week low. Outlook Stronger support on weekly basis is below B-2. Very strong support below B-3. Brexit can easily give us that and lead to a strong reaction back up to B+1 and above. Do […]