"Weekly Outlook" Posts
Nasdaq 100 Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance dropped NQ below Y-1. Yet it was not supported by other indices. FBO against Y-1 forced a test of Y-0 and gap push above Y+1. Closed the week near Y+1 and above midpoint. Outlook Y+1 / B+1 resistance will give us a drop back down to B-0.
EURUSD Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint. Outlook Strong setup of daily reversal is in place. B-0 / Y-1 resistance for more downside below B-1.
USDJPY Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 tagged and defended. Slow drift back up to Y-0 as expected. Closed the week below Y-0 and near midpoint. Outlook Retest Y-1 likely. Y-1 / B-1 support will produce a strong daily level bottom.
USDCAD Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Breakout play worked out nicely with 100% absolute range expansion target tagged. Drifted sideway since. Closed the week near Y-2 and below midpoint. Outlook Bear flag on 4 hours points to retest of B-1 and likely lower. Successful attempt in closing the week above B-0 will point to a near term bottom […]
S&P 500 Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint. Outlook B+1 resistance will send ES back down to B-0. Weekly close below Y+1 is FBO on daily ledge which in turns point to Y-1 […]
USDCAD Jan 18 to Jan 22 Outlook
By News Robot
Lawrence’s Comment Recap As expected monthly breakout is giving us more upside and tagged normal Y+3 target. Closed the week near Y+3 and week high. Outlook New high still likely. Y+4 resistance will lead to consolidation action around Y+3 / B+1.
EURUSD Jan 18 to Jan 22 Outlook
By News Robot
Lawrence’s Comment Recap Euro support at Y-0 and test of upside resistance as expected. Failed to clear the zone and stalled since. Closed the week above Y+0 and near midpoint. Outlook Support at B-0 can give Euro another push higher. Resistance at Y+1 capping the upside and resulting in a break of B-0 will give […]
GBPUSD Jan 18 to Jan 22 Outlook
By News Robot
Lawrence’s Comment Recap Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low. Outlook Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback […]
AUDUSD Jan 18 to Jan 22 Outlook
By News Robot
Lawrence’s Comment Recap Aussie tried to hold Y-1 in tight range and failed. 100% expansion of the tight range tagged. Closed the week below Y-1 and near week low. Outlook Ledge break down continuation move in progress. Likely leads to another drop to B-2.
Dow 30 Apr 18 to Apr 22 Outlook
Lawrence’s Comment Recap Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and midpoint. Outlook Very serious divergence from ES and NQ in terms of weekly structure. If Dow top out this week, we have a […]