"Weekly Outlook" Posts
EURUSD Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Euro drifted higher to test normal Y+2 upside target and failed to clear it. Brexit brings it down below Y-1 and gave us the breakout target of Y-3. Closed the week above Y-1 and near midpoint. Outlook Nothing happened, seriously. Euro simply swinged back to the same 1.12 zone before this week. […]
Nasdaq 100 Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Brexit week NQ headed for Y+1 first, setting the stage for the collapse down to Y-3. No surprise at all. Initial reaction after Brexit on Friday open even tagged Y-1 perfectly to set up the sold off into close. Closed the week below Y-2 and near week low. Outlook More downside expected. […]
AUDUSD Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint. Outlook FBO against 0.75 long term resistance. Confirmation this week will point to swing top in place with more downside in coming weeks.
USDCAD Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Spike top led to test of Y-1 and wait for Brexit. Spike low against Y-1 led to a rush back up to Y-0 and then Y+1. Closed the week above Y-0 and midpoint. Outlook See-saw actions 4 weeks in a row. Outside reversal week is bullish. As long as 1.28 holds, more […]
Dow 30 Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Dow gapped higher on news related to Brexit. News driven market all the way right up to Brexit. Brexit led to gap down on Friday to Y-1 and sparked a quick rally back up to midpoint / Y-0. Y-0 resistance gave us 100% expansion off the upside range established. Closed the week […]
USDJPY Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 support earlier in the week led to stop run back up to Y+1. Brexit spike reversal gave us the Y-3 breakout target. Closed the week near Y-2 and below midpoint. Outlook US dollar is gaining strength against all other majors except Yen. This is classic panic mode behaviour. What the short […]
S&P 500 Jun 27 to Jul 01 Outlook
By News Robot
Lawrence’s Comment Recap The most timid index out of the 3 major indices. Opened the week near Y+1 and resistance there pressed ES lower. Ledge action led to upside breakout into Brexit. Brexit news shock forced ES to gap below Y-1 to open on Friday. Quick bounce back up to Y-0 resistance and sold off […]
GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment Recap Twists and turns in the events leading to Brexit vote caused cable to run the stops above. Due to limited liquidity cable cannot stop its stop run until long term key resistance at 1.50 was tagged. Brexit vote count turned the tide thus giving us equal distance downside target off previous week […]