"Weekly Outlook" Posts

USDCAD Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Bullish bias for Y+1 retest turns into continuation run up to Y+2. 100% abolute range expansion stopped the run. Closed the week near Y+1 and below midpoint. Outlook The turnaround was mainly driven by strength in gold. B-1 / Y+1 zone strong support. Until that is broken we have to assume a […]

Nasdaq 100 Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap NQ was the index out of the three that played nice as it followed the normal consolidation behaviour instead of charging higher. Closed the week below Y+1 and above midpoint. Outlook Consolidation after strong run often leads to retest of the high. Hence B+1 is in play. Should the test fail, NQ […]

EURUSD Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and midpoint. Outlook Bulls need to clear B-0 and that it turns into support before a more significant bounce can happen.

USDJPY Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint. Outlook Initial shock and awe fuel used up. As long as BOJ not planning more direct attack, Y+1 down to B-2 in play.

AUDUSD Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Whiplash played out as expected. got down to target around Y-3 before support is found. Closed the week below Y-2 and midpoint. Outlook A crossroad here for Aussie. Being able to clear B-0 and that turning into support we get B+1 and probably Y-0 again. As long as B-0 / Y-2 acting […]

GBPUSD Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Cable just dropped to the downside target. Hard to ask for more. Closed the week below Y-1 and midpoint. Outlook Cable need to find support at B-1 before it can go higher. Until Y-1 / B+1 is cleared daily down trend in force.

Dow 30 Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Dow pushed higher as expected. NFP week pattern played out nicely. Closed the week above Y+1 and near week high. Outlook NFP week is over so a surprise take down is more likely this time. A run back down to Y+1 is likely with B-1 also in play.

S&P 500 Nov 10 to Nov 14 Outlook

By News Robot

Lawrence’s Comment Recap Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint. Outlook Thin rising channels do not last. They are also often important swing top for daily level swings. Watch for sudden take down to 2000 and below. It is not necessary the beginning […]

USDJPY Mar 10 to Mar 14 Outlook

By News Robot

Lawrence’s Comment Recap Whiplash action week. Ninja pushed lower to challenge the prior outside week low and failed to breach the support, that opened the door to a rally back to the top of the range above Y+1. At the end of the week, ninja did a blowoff move to Y+3 before it can finally […]

AUDUSD Mar 10 to Mar 14 Outlook

By News Robot

Lawrence’s Comment Recap Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to Y+2. Closed the week above Y+1 and midpoint. Outlook Gold pushed further up giving Aussie the push necessary to break its downtrend. From […]