"Weekly Outlook" Posts
AUDUSD Apr 11 to Apr 15 Outlook
By News Robot
Lawrence’s Comment Recap Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint. Outlook Breakout mode with no strong bias towards either direction. Wait and see game here. First strong leg out of the range will give us the direction […]
USDJPY Apr 11 to Apr 15 Outlook
By News Robot
Lawrence’s Comment Recap Ninja failed to hold its weekly support and led to liquidation driven breakdown move. The former 108 magic level stopped the drop. Closed the week below Y-4 and near week low. Outlook Momentum too strong not to produce a lower low. A snap back above B-1 points to at least short term […]
GBPUSD Apr 11 to Apr 15 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint. Outlook B-0 / 1.42 strong resistance for a retest of B-1. Breaking below with a quick snapback above B-1 points to short term bottom in place.
USDCAD Apr 11 to Apr 15 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around the yearly breakout level. Closed the week below Y-0 and near week low. Outlook Inside week points to breakout mode. Longer term support at 1.28 and slightly below is measured move target and can lead to a slingshot rally from there if no renewed selling down there.
Nasdaq 100 Apr 11 to Apr 15 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at 50% previous week range. Y+1 resistance with Y-0 support all week. Closed the week above Y-0 and below midpoint. Outlook Breaking below Y-0 / B-1 points to a drop to B-2 and below. B-3 will also be in play when B-1 turning into resistance.
Dow 30 Jan 11 to Jan 15 Outlook
By News Robot
Lawrence’s Comment Recap Gap and go breakdown move sent Dow straight down. Closed the week below Y-5 and near week low. Outlook Wide range week breakdown points to consolidation actions. Flush low on Monday will give us a short term swing low.
Nasdaq 100 Jan 11 to Jan 15 Outlook
By News Robot
Lawrence’s Comment Recap NQ gapped down to sell off target right off the start of the week. Long term channel support turned into resistance leading to trend sell all week. Closed the week below Y-5 and near week low. Outlook A flush down below B-1 and quick snap back without tagging B-2 points to a […]
USDCAD Jan 11 to Jan 15 Outlook
By News Robot
Lawrence’s Comment Recap Weekly bull flag breakout gave us new high and 200% range expansion. Closed the week above Y+4 and near week high. Outlook 1.40 resistance is now strong support. Monthly breakout implies more upside is in store.
GBPUSD Jan 11 to Jan 15 Outlook
By News Robot
Lawrence’s Comment Recap First week of the year found resistance at Y-0 and selloff down to Y-3. Closed the week near Y-3 and week low. Outlook USD strength across the board against the majors is the main theme on monthly basis. Strong resistance zone now defined at Y-1 upto Y-0 / B+1.
S&P 500 Apr 11 to Apr 15 Outlook
Lawrence’s Comment Recap No real direction after a week of extreme trend buy days countering the overnight weaknesses. Consolidation / backfill actions waiting for the next news shock. Closed the week below Y-0 and midpoint. Outlook FOMC announcement crime scene not tagged so far and a breakdown below Y-1 points to a rush towards that […]