"Weekly Outlook" Posts
USDJPY May 02 to May 06 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 resistance with BoJ announcement killed the upside immediately. News shock target of Y-1 cleared with Y-2 almost tagged. Closed the week near Y-2 and week low. Outlook Reactionary bounce points to a test of at least Y-1 and potentially B-0. We cannot be sure if Ninja can hold B-1 though as […]
S&P 500 May 02 to May 06 Outlook
By News Robot
Lawrence’s Comment Recap FBO on weekly confirmed. Continuation sell off waited until the very last moment to tag Y-2 target. Closed the week below Y-1 and midpoint. Outlook Y-1 / B-0 strong resistance until proven otherwise. More downside is expected but do not assume the drop will be clean as daily level supports are now […]
EURUSD May 02 to May 06 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y-1 / weekly consolidation support sent Euro straight back up to Y+1 and above. Closed the week above Y+1 and near week high. Outlook Y+1 / B-0 now support. Clearing 1.15 points to much higher prices as explained in last issue of MBO.
USDCAD May 02 to May 06 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 retested as expected. Failing to hold the zone gave us 100% expansion of the consolidation range. Closed the week below Y-1 and midpoint. Outlook Falling wedge in the making. Until we see B-0 / Y-1 acting as support, down trend still in force.
Nasdaq 100 May 02 to May 06 Outlook
By News Robot
Lawrence’s Comment Recap NQ failing to clear the open gap above earlier in the week confirmed NQ being the weakest among the indices. Downside target of Y-2 and Y-3 tagged in stair step drop fashion. Closed the week below Y-2 and midpoint. Outlook More downside likely with complex pullback in between. Y-2 / B-0 test […]
GBPUSD Feb 01 to Feb 05 Outlook
By News Robot
Lawrence’s Comment Recap Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO and sent cable back down to week low. Closed the week near Y-0 and below midpoint. Outlook Reversal attempt on daily level failed. […]
USDCAD Feb 01 to Feb 05 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation actions with equal distance from Y-1. 1.40 longer term support tested from above. Closed the week below Y-1 and near week low. Outlook Up channel breakdown target tagged. Consolidation around B-1 likely as weekly and monthly breakout points to consolidation at prior resistance.
S&P 500 Feb 01 to Feb 05 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation action at support as mentioned last week. FOMC announcement sent ES back down to retest the support zone and it was defended. Short squeeze on Friday finished the job by sending ES up to equal distance from previous week close. Closed the week above Y+1 and near week high. Outlook Squeeze […]
EURUSD Feb 01 to Feb 05 Outlook
By News Robot
Lawrence’s Comment Recap Euro formed an up channel and drifted higher all week to near Y+1. Channel breakdown led to flush back down to near Y-1. Closed the week below Y-0 and midpoint. Outlook Inside week points to breakout mode. Clean break of Y+1 points to Y+2 and Y+3 while clean break of Y-1 points […]
GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment Recap Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint. Outlook Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote […]