"Weekly Outlook" Posts
USDCAD Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Got Y+2 as expected. Immediate pullback since. Consolidated around Y+1. Closed the week below Y+1 and midpoint. Outlook Down trend on daily broken. Now US dollar has to prove its strength by holding up B-2 / Y-0 zone as support to form a better longer term swing bottom.
AUDUSD Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Retest of Y-1 and support below as expected. Struggled a bit down there but managed to print week high later in the week. Closed the week near Y-0 and above midpoint. Outlook Bottom formation is not confirmed yet as the week failed to close strongly above Y-0. Until B+1 turning into support […]
Nasdaq 100 Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the previous week close with very wild actions both ways. Closed the week above Y+1 and midpoint. Outlook Ignoring the intraday swings, it is […]
USDJPY Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed the week above Y-1 and below midpoint. Outlook Inside week with weak close points to proper retest of Y-1 / B-1 is necessary. […]
Dow 30 Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it was done with a huge gap up above them all to start the week. As Y+1 acted as support, Dow moved to Y+2 […]
EURUSD Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint. Outlook 1.35 has been long term support for a long time. If it is breached, a drop to 1.33 quickly is expected. The fight will be messy here (i.e. […]
S&P 500 Jul 21 to Jul 25 Outlook
By News Robot
Lawrence’s Comment Recap Gapped higher near Y+1 to start the week. After failing to clear Y+1 gave us a drop back down to Y-0 and filled the open gap in 1 go. Then another squeeze higher back up to challenge Y+1. Yet failed again resulting in an even stronger selloff back down to the support […]
Nasdaq 100 Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Bearish tone in beginning of the week forced a break down below Y-1. Then the spike reversal mentioned last week happened, gave us a go for Y-0 and above. Closed the week above Y-0 and midpoint. Outlook Down trend on daily is intact. Without 30-min or higher timeframe swing level support, NQ […]
USDCAD Apr 21 to Apr 25 Outlook
By News Robot
Lawrence’s Comment Recap Reduced range drifting. Closed above Y+1 and midpoint. Outlook As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more room and a strong support down at Y-0 / B-1. A slow drift back down to B-1 will be very strong […]
GBPUSD Jul 21 to Jul 25 Outlook
Lawrence’s Comment Recap Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and later printed the Y-2 target. Closed the week near Y-1 and below midpoint. Outlook Decisively rejection of Y+1 and above is now confirmed. […]