"Weekly Outlook" Posts
EURUSD Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap Euro rallied from Y-1 as expected and cleared Y-0 in 1 go. The counter-trend rally was triggered as mentioned last week zooming it back up to near 1.28 before stalling. Closed the week near Y-0 and below midpoint. Outlook Euro rejected above Y+1 and 1.28 decisively. It will be difficult to clear […]
AUDUSD Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. Selling resumed since. Closed the week below Y-0 and midpoint. Outlook The initial rally last week played out as expected but it was […]
USDJPY Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap A pullback was expected and ninja dropped to Y-0 and below support area. Then its inability to clear Y-0 triggered a go for Y-1. Y-1 tagged and failed to push higher since. Closed the week below Y-1 and near week low. Outlook Pullback turning into a run down to Y-1 was a […]
USDCAD Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed the week above Y-0 and midpoint. Outlook Last week is a wild consolidation week as it is still an inside week. Closing near […]
Nasdaq 100 Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap As mentioned last week, “there is no upside at all for NQ”. The price level NQ opened at was pretty much B+1 of the week. Big swings dropped NQ down to Y-1, back up to open and back down to Y-1 finally cleared the Y-1 support. Closed the week below Y-1 and […]
Dow 30 Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap As expected, bulls tried hard right from the beginning of the week gapped Dow higher yet failed to turn around the established down trend. Dow dropped to Y-1 and bulls stepped in to force a sharp rally. As mentioned last week, they do not stand a chance until they can gather more […]
S&P 500 Oct 13 to Oct 17 Outlook
By News Robot
Lawrence’s Comment Recap As indicated last week the end of week rally from the week before was not a sign of reversal. That trapped a lot of longs. ES gapped higher at the start of the week and dropped lower since. Y-1 minimal target tagged and a powerful sequeeze followed. Yet, it failed to produce […]
Nasdaq 100 Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap Flushed to almost Y-2 target at the start of the week. Used up the bias right from the start often points to a reversal. Once NQ pushed above Y-1 buying stepped in to hold it above previous week close. Found resistance at 100% absolute range expansion. Closed the week near Y-0 and […]
USDJPY Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap Started the week testing Y-0 from below and failed to push higher. That gave us a drop to Y-1. FBO at Y-1 sent ninja higher. Found resistance at the top of the resistance zone mentioned last week by NFP report. Sold off back down to week low. Closed the week near Y-1 […]
GBPUSD Oct 13 to Oct 17 Outlook
Lawrence’s Comment Recap Cable simply bottom out at Y-1 and rallied to Y-0 as expected. Went sideway since and holding the week mid at the time before took off again to tag the pre-break down crime scene. Strong reaction there leading to a steep pullback to 1.60. Closed the week below Y-0 and B-0. Outlook […]