"Weekly Outlook" Posts
USDCAD Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap The march towards 1.28 was realized last week. Very strong reactions there with rumours that central banks intervened. But Y+1 acted as support leading to another rush to 1.28. Closed the week above Y+2 and midpoint. Outlook Monthly level multiple year high are not easily cleared or rejected in a week or […]
EURUSD Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap Euro did not even reaction to the old time 1.08 level as the selling entered panic mode. 100% absolute range expansion was the only thing that provided the first bounce in the week. Euro failed to clear Y-2 and dropped again. Closed the week below Y-2 and near week low. Outlook The […]
USDJPY Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint. Outlook A strong up trend is established with clear support line in place. Breaking below 121 decisively points to Y-0 and B-2 in […]
AUDUSD Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap Beautiful drop from the head and shoulder neckline to the target in 1 go. Eventually stopped at 100% range expansion and bounced. Closed the week near Y-2 and below midpoint. Outlook Down trend established on daily. Until Aussie can reverse the trend Y-1 / B+1 strong resistance with more down side.
Nasdaq 100 Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap Started the week with bear flag and broken down to Y-2 quickly. That triggered waterfall effect to drop lower as there was no support nearby as explained last week. Y-3 / 4300 round number produced the first bounce but too weak to hold up. Closed the week near Y-3 and below midpoint. […]
EURUSD Feb 16 to Feb 20 Outlook
By News Robot
Lawrence’s Comment Recap Euro in wait and see mode early part of the week for the outcome from Euro zone meeting. After that euro drifted higher but not by much. Closed the week below Y0 and above midpoint. Outlook Tight range week looking for direction. Resistance above confirmed. Until Y+1 / B+2 is cleared, Euro […]
USDJPY Feb 16 to Feb 20 Outlook
By News Robot
Lawrence’s Comment Recap As expected ninja zoomed higher and got the main upside target Y+2. Ninja stalled back down quickly right after. Closed the week below Y+1 and near week low. Outlook 120 and above strong resistance. First retest with strong reaction there is expected. The main thing is whether BOJ can lock ninja within […]
Nasdaq 100 Feb 16 to Feb 20 Outlook
By News Robot
Lawrence’s Comment Recap NQ chose to breakout above 4300 in 1 go. That’s a low probability move hence giving us the 100% range expansion. Closed the week above Y+2 and at week high. Outlook Strength in NQ is mainly coming from 2 stocks only – Apple and Google. At this point we are not really […]
USDCAD Feb 16 to Feb 20 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation as expected. Trapped in equal distance around Y-0. Closed the week below Y-0 and near week low. Outlook Consolidation / pullback mode can last for weeks. Downside drift to B-2 is in play as long as Y-0 / B-0 is acting as resistance.
GBPUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment Recap Cable failed to hold Y-1 as expected and dropped to the target zone mentioned last week. It failed to bounce above Y-1, hence the down trend continued until 100% absolute range expansion was reached. Closed the week below Y-2 and near week low. Outlook Similar to last week, cable will have a […]