"Weekly Outlook" Posts
GBPUSD Sep 21 to Sep 25 Outlook
By News Robot
Lawrence’s Comment Recap Pullback to Y-0 without a test of Y+1. Y-0 support sent cable straight back up to Y+1 and cleared it with ease. Y+1 support helped cable higher to tag Y+2. Closed the week above Y+1 and midpoint. Outlook Measured move target Y+2 reached with strong reaction. Cable needs some time to absorb […]
AUDUSD Sep 21 to Sep 25 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close support sent Aussie straight up to Y+2. Mild pullback and then reacted wildly to FOMC announcement. Closed the week near Y+2 and above midpoint. Outlook The original tight up channel / rising wedge formed since 2 weeks ago is still in force. As long as B-0 acting as support […]
USDCAD Sep 21 to Sep 25 Outlook
By News Robot
Lawrence’s Comment Recap Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above midpoint. Outlook Trapped shorts are now forced to cover. B+1 and Y+1 are in play with potential to breakout upside.
EURUSD Sep 21 to Sep 25 Outlook
By News Robot
Lawrence’s Comment Recap Wild swing all week. Y+1 FBO gave us a drop to Y-0. Y-0 support gave us the perfect excuse to run this up to 1.14 target. Y+2 resistance sent euro back down below Y+1. Closed the week above Y-0 and below midpoint. Outlook Strong reaction at 1.14 confirms rejection. As long as […]
S&P 500 Sep 21 to Sep 25 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back down to where it started. Closed the week below Y-0 and near week low. Outlook Y-0 / B-0 now strong resistance. A break […]
USDJPY Sep 21 to Sep 25 Outlook
Lawrence’s Comment Recap Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near midpoint. Outlook 2nd inside week in place with even stronger breakout play. Wait and see until ninja can move out of the current […]