"Weekly Outlook" Posts
GBPUSD Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap Was expecting consolidation actions and cable did in the first half of the week. Then everything changed as the test of Y+1 did not produce a quick drop and instead turning 4 hours into a bull flag and led to a breakout to the upside. Closed the week above Y+1 and near […]
USDJPY Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 tested and held up. Ninja was then sent back up to Y-0 and round number at 120. 120 sellers show up and pressed ninja back down. Closed the week below Y-0 and midpoint. Outlook Overall still a consolidation week, just a bit more than 50% week range due to the 120 […]
Nasdaq 100 Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of Y+1 and eventual breakout to Y+2 and above. Closed the week above Y+2 and near week high. Outlook Blow off run in the […]
AUDUSD Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap Best behaving pair last week. Consolidation around previous week close at 50% week range. Closed the week near Y+1 and week high. Outlook Breakout above Y+1 / B+1 points to quick test of B+2. FBO against B+1 below B+2 will drop Aussie back down to B-1 and likely lower.
S&P 500 Apr 27 to May 01 Outlook
By News Robot
Lawrence’s Comment Recap ES opened the week by gapping up above Y-0 and filled the open gap above quickly. Retest of Y-0 confirm support and sent ES to test and clear Y+1 in 1 go. ES found resistance at longer term trend lines. Closed the week above Y+1 and above midpoint. Outlook ES is developing […]
Dow 30 Apr 27 to May 01 Outlook
Lawrence’s Comment Recap As explained last week, weekly up trend intact and that is good enough reason to send Dow back up to fill the open gap above. Gap fill led to selling back down to near the open gap below. Dow found support and shoot back up to produce a new high for the […]