"Weekly Outlook" Posts
AUDUSD Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap Aussie followed its peers and collapsed down to 100% range expansion. Closed the week below Y-2 and near week low. Outlook Consolidation likely as long as Y-3 acts as support.
USDCAD Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap Was consolidating until BOC surprised the world with a rate cut. Surprise breakout target of 200% range expansion tagged by the end of the week. Closed the week above Y+4 and near week high. Outlook Canada is an exporter of natural resources and rate cut does not improve its competitiveness in those […]
GBPUSD Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint. Outlook 1.50 key psychological level breached. Cable must snap back above B-0 and stay above by close of next week or another wave of liquidation is coming to send cable much lower.
Dow 30 Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation with a twist – huge intraday volatility. Other than that, equal distance from Y-0 and open points to a normal week of consolidation after the wild week prior. Closed the week above Y-0 and midpoint. Outlook Inside week with Y-0 and B-0 near each other. For a bear flag on daily […]
S&P 500 Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap ES behaves more like NQ like week than Dow. Early in the week ES found support at 2000 round number zone and cleared Y-0 on 2nd try. Y-0 support sent ES to Y+1. ES failed to hold Y-1 and dropped back down. Closed the week above Y-0 and midpoint. Outlook Potential FBO […]
USDJPY Jan 26 to Jan 30 Outlook
Lawrence’s Comment Recap Inside week with minimal actions. Closed the week near Y-0 and below midpoint. Outlook A retest of Y-1 is likely as long as ninja cannot clear B+1. Weekly level consolidation takes time.