"Weekly Outlook" Posts
USDCAD Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high. Outlook Wide range week with strong close points to more upside in store. Consolidation at 50% range around B+1 / close likely.
USDJPY Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Pullback as expected yet Y-0 support led to breakout to the upside with a run to print week high. Closed the week above Y-0 and midpoint. Outlook Potential complex top in the making, if FBO against Y+1 without tagging B+2, a drop back down to Y-1 likely. Without a failure to clear […]
Nasdaq 100 Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Unlike Dow and S&P NQ zoomed straight up to tag Y+2 as Apple continues its march to new high almost everyday. Closed the week above Y+2 and midpoint. Outlook Expanding range 4 weeks in a row with NQ points to consolidation potential. B+1 resistance will give us Y+1 / B-0 easily. Holiday […]
AUDUSD Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance gave us a drop to Y-1 support area. Support breached with a bounce that failed to clear the former support. Closed the week below Y-1 and near week low. Outlook Breakout setup from last week now confirmed. Y-3 in play as long as Y-1 / B-0 continue to cap any […]
GBPUSD Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low. Outlook As long as Y-0 / B-0 […]
Dow 30 Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint. Outlook Post Thanksgiving bias points to a test of B-1 likely. Breaking that there is no support until B-2 and below.
S&P 500 Dec 01 to Dec 05 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around the top part of prior week is no surprise. Test of Y+1 early in the week did not result in sell off as there is no participant during the holiday week. 2nd test of week high led to stronger reaction. Closed the week above Y-0 and below midpoint. Outlook If […]
EURUSD Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. Spiked against Y-0 and failed to hold above gave us Y-1 target. Tagged Y-1 and reversed sharply yet could not clear Y-0. Gave us another chance at Y-1. Y-1 was breached. Closed the week near Y-1 and below midpoint. Outlook The intraday volatility earlier in the week […]
USDJPY Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap Perfect weekly bullish mean rejection. 100% absolute range expansion ended the move. Closed the week above Y+1 and midpoint. Outlook More upside is expected as long as B-0 is acting as support. A repeat of last week price actions will create longer term weaknesses above at Y+2 / B+2.
EURUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment Recap Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which led to a slow drift up back to the crime scene leading to the drop from the before. No more fuel after that […]