"Weekly Outlook" Posts
GBPUSD Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged by the end of the week. Closed the week below Y-2 and at week low. Outlook More downside is expected. Surprise announcements also […]
USDJPY Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap Ninja failed to clear Y+1 gave us a drop to Y-1. Ninja reacted to Y-1 but it failed to stop the drop right there. A bear flag on 4 hour was formed. Drifted back up to retest week high. Closed the week above Y-0 and midpoint. Outlook Since 120-121 has been the […]
USDCAD Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap Breakout mode tested the lower extreme and failed to clear it, gave us the real direction (up). Normal breakout target of 200% the range defined by the boundaries tagged by the end of the week. Closed the week above Y+3 and at week high. Outlook As mentioned before, there are several favourite […]
EURUSD Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap Euro ended 2014 at the lowest level of the year as explained in my monthly newsletter. Right after new year, it cracked the 1.20 target zone too. Great start for everyone on the correct side of the market. Closed the week below Y-4 and at week low. Outlook This year, New Year […]
S&P 500 Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap ES failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe sent everyone into a spin. ES break down to 2x range target and found support. Closed the week below Y-2 and midpoint. Outlook As […]
Nasdaq 100 Jan 05 to Jan 09 Outlook
Lawrence’s Comment Recap NQ failed to clear Y+1 and led to a drop to Y-1 quickly and then it failed to clear Y-0 resulting in more selling into Y-3. That produced a potential weekly reversal if Y-1 acted as resistance and it did. All out stop run sent NQ back down to the open gap […]