"Weekly Outlook" Posts
USDCAD Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Holiday activity kept Loonie going sideway. Consolidation around Y-1 until the end of the week. Closed the week at Y-1 and near midpoint. Outlook No information from the past week due to holiday. Coming week will be important in setting the tone for this 3rd quarter. If B+1 is breached by a […]
EURUSD Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Easiest play last week. Euro tagged Y+2 which was also the up channel resistance. It then pullback to Y+1 and failed to hold there. Flushed towards Y-1. Closed the week below Y-0 and near week low. Outlook Wide range reversal with weak close. Potential down trend on weekly in place. As long […]
Nasdaq 100 Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap NQ started the week trading above Y+1 opening the door to Y+2 and Y+3 for 100% range expansion. Y+3 tagged with NQ going sideway a bit. End of week push took it all the way to Y+4. Closed the week above Y+3 and near week high. Outlook Wide range trend week. Consolidation […]
AUDUSD Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Aussie broke out to the upside tagging Y+2 but failed to hold above Y+1. That opened the door to Y-1 due to the violent FBO. Y-1 tagged next. Closed the week near Y-1 and below midpoint. Outlook Wide range outside week reversal in place. It is a surprise partly due to the […]
GBPUSD Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Another easy play last week. Cable broke out to the upside. Traded above Y+3 as expected. Consolidation around Y+3 since. Closed the week near Y+3 and above midpoint. Outlook The breakout run has used up its fuel on daily basis. There is still some room to go next week but it will […]
Dow 30 Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 was breached quickly in first half of the week invalidated the bearish bias. The door to Y+2 was opened since. Y+2 tagged eventually at the end of the week. Closed the week above Y+1 and midpoint. Outlook Dirty bottom against Y-1 in place. This is not a good sign for the […]
S&P 500 Jul 07 to Jul 11 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 cleared invalidating the bearish bias. Y+2 tagged quickly right after. Measured target from 4 weeks ago reached by the end of the week. Closed the week above Y+2 and near week high. Outlook Measured target reached with 2000 within 20 points. Round numbers are often strong magnet for ES. SPX at […]
AUDUSD Apr 07 to Apr 11 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1. Outlook Above B+1 we get B+2, that requires gold to strengthen though. The more interesting setup is that Aussie breaking B-1 decisively, a drop […]
USDCAD Apr 07 to Apr 11 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at 50% previous week range as expected. Closed the week below Y-1 and midpoint. Outlook The end of week breakdown is normal for consolidation at Y-1. It is not a good predictor of direction. A quick reversal from a mild breach of B-1 back up to above B-0 will trigger a […]
USDJPY Jul 07 to Jul 11 Outlook
Lawrence’s Comment Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint. Outlook Outside week strong close. Potential weekly reversal in place. As long as B-0 is not breached ninja will go higher in coming weeks.