"Weekly Outlook" Posts
USDJPY Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at 50% previous week range as expected. Drifted back up to resistance Y-0. Closed the week at Y-0 and above midpoint. Outlook A complete week of bear flag is not bullish. A strong setup for B+1 test failure which points to a drop to B-1.
AUDUSD Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low. Outlook The selling is not completed. A drop to B-2 is still likely. Clearing B-0 implies a retest of Y+1 in play.
GBPUSD Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Held Y-0 support, gave us a run to Y+1 as expected. Can’t ask for more. Closed the week above Y-0 and midpoint. Outlook Still indecisive whether to push higher or collapse back down. Failing to clear B+1 will give us a drop to B-1 and likely lower. As long as B-0 acting […]
Dow 30 Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 acted as resistance and gave us a drop back down to previous week close which turned into very strong support on 3 separate attempts to break it from above. 2nd push at Y-0 cleared the resistance and gave us a run to Y+1. Closed the week below Y+1 and above midpoint. […]
S&P 500 Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Bearish weaknesses persisted in the beginning of the week yet Y-1 was never challenged even though ES sold off from Y-0 quickly. 2nd challenge at Y-0 from below cleared the resistance and gave us a breakout of 100% the double bottom range. Closed the week above Y-0 and near week high. Outlook […]
EURUSD Apr 21 to Apr 25 Outlook
Lawrence’s Comment Recap Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint. Outlook Breaking below B-1 decisively implies a drop to B-3 likely. Euro must hold B-1 and clear B-0 quickly to maintain its bullish uptrend.