"Weekly Outlook" Posts
EURUSD Jan 12 to Jan 16 Outlook
By News Robot
Lawrence’s Comment Recap Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and midpoint. Outlook B-0 / Y-2 resistance points to retest of B-1. B-1 acting as support will give us a bounce back up to […]
USDCAD Jan 12 to Jan 16 Outlook
By News Robot
Lawrence’s Comment Recap Reacted to 1.18 as expected. Pullback to equal distance from Monday high and stopped dropping. Renew rally sent the pair up to 1.185 zone on 2nd try. 1.18 turned into support and another run started. Closed the week above Y+1 and midpoint. Outlook 1.18 support points to the potential parabolic run to […]
AUDUSD Jan 12 to Jan 16 Outlook
By News Robot
Lawrence’s Comment Recap The above Y-2 bottoming scenario unfolded. Double bottom with a run to Y+1 by end of the week. Closed the week above Y-0 and at week high. Outlook B-0 / Y-0 support with B+2 and B+3 in play.
GBPUSD Jan 12 to Jan 16 Outlook
By News Robot
Lawrence’s Comment Recap As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint. Outlook A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a […]
S&P 500 Jan 12 to Jan 16 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 did not hold, Range expansion kicked in with Y-3 target tagged quickly. Y-3 rejected with Y-1 cleared with a gap. Y-0 capped the run and force a drop back down to Y-1. Closed the week below Y-1 and above midpoint. Outlook Potential coil up in the making. This implies ES will […]
USDJPY Jan 12 to Jan 16 Outlook
Lawrence’s Comment Recap The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint. Outlook As explained last week, the weaknesses is expected because of the importance of 120-121, a pullback to Y-3 is more likely than not. Until ninja […]