"Weekly Outlook" Posts
GBPUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap Started the week rejecting Y+1 and dropped quickly. Y-0 then acted as resistance giving us a drop to below Y-1. Yet originaly down side target still not reached and ended with a late week bounce. Closed the week below Y-0 and near midpoint. Outlook Rejected Y-1 decisively. Down trend invalidated. Another pair […]
EURUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap Euro found resistance exactly at where I expected. Easiest play last week. Sold off since Y+1 was rejected and continue to weaken. Closed the week below Y-1 and near week low. Outlook They keep trying to avoid it but the selling still happened. A drop to Y-2 is likely. The big question […]
Dow 30 Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap Dropped to down channel target of below Y-2. Channel overshoot gave us a run back up to channel top above Y-1 and started a short squeeze. Yet, Dow failed to push higher and dropped quickly back down to Y-1. Closed the week below Y-0 and above mipoint. Outlook Messy swings imply instability. […]
Nasdaq 100 Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap A sell off out of nowhere thanks to jawboning by Fed officials. Y-1 breached but NQ recovered with a revenge rally back to challenge Y+1. That opened the door to Y+2 for us. Y+2 tagged and going sideway since. Closed the week above Y+1 and midpoint. Outlook Extremely strong reaction to soundbites […]
USDCAD Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint. Outlook 1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely […]