"Weekly Outlook" Posts
AUDUSD Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Directional break down from Y-0 resistance. Tagged Y-2 and bounced. Took 2 more tries below Y-2 before a strong bounce could materialize. Closed the week near Y-2 and below midpoint. Outlook The assessment of more weaknesses in Aussie is correct and a drop to weekly support is now necessary before Aussie can […]
Nasdaq 100 Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap NQ found resistance at the open gap above and failed to test Y+1. That opened the door to Y-1 as it gapped down below Y-0. Y-1 was proven not strong enough to act as support, which in turn opened the door to Y-2. NQ flushed below Y-2 before it could find support. […]
Dow 30 Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 rejected in the beginning of the week leading to a run to Y-0 / open gap resistance zone. Dow failed to stay above Y-0 giving us a go for more downside. Y-1 could no longer be defended. Then Dow gapped through Y-2 and flushed down to Y-5. Closed the week below […]
USDJPY Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Ninja cleared Y+1 decisively giving us a run to Y+3 target. Ninja did not stop until Y+4 is tagged. Consolidation above Y+3 failed to hold up. Spike and ledge top was formed and dropped to Y+2. Closed the week above Y+2 and midpoint. Outlook Wide range week with weak close near midpoint. […]
USDCAD Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Easy trade of the week. Cleared resistance zone mentioned last week quickly. Tagged Y+3 target by end of week. Closed the week above Y+2 and midpoint. Outlook Wide range week with strong close. Clearing B+1 likely. Consolidation around Monday range also likely.
EURUSD Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Euro moved lower and made a flush at 1.34 instead of 1.33. Stayed tight range and reversed higher late in the week. Closed near Y-1 and above midpoint. Outlook A temporary bottom is in place as 1.34 was rejected. A run to B+2 and 1.35 is in the card. This is just […]
S&P 500 Aug 04 to Aug 08 Outlook
By News Robot
Lawrence’s Comment Recap Heavy selling as expected from the resistance zone mentioned last week. Got first target at Y-2 mid-week. As weekly support zone was breached ES can no longer hold up. Flushed to below Y-4 before finding temporary bottom. Closed the week near Y-4 and below midpoint. Outlook Wide range week with weak close. […]
GBPUSD Aug 04 to Aug 08 Outlook
Lawrence’s Comment Recap Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low. Outlook Warned last week wild swings are expected going forward. More down side likely with B-2 first likely temporary support. If support is found at B-2 a pullback to […]