"Weekly Outlook" Posts
USDCAD Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. Y-0 cleared, back to target swing high. Pull back to midpoint since. Closed the week above Y-0 and midpoint. Outlook No strong directional bias at this point. B-0 holds we get a run to B+1 and likely B+2. B-0 fails to hold this up we get Y-1 […]
EURUSD Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap Clean break of Y-1 instead of FBO. That set the stage to a run down to Y-3. Y-3 tagged and gave us a bounce. Y-2 acted as resistance and sent euro down to almost Y-4. Closed the week below Y-3 and near week low. Outlook Warned for weeks that euro wants 1.32 […]
GBPUSD Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable down to target / Y-2. Stuck there since. Closed the week near Y-2 and week low. Outlook Important higher timeframe support can produce […]
AUDUSD Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap The other easy play of the week. Bear flag broken, sending Aussie straight down to target and bounced. Closed the week above Y-0 and midpoint. Outlook Support tested and rejected decisively. The other end, above B+1 to Y+2 is in play. Until Y+2 is cleared and that B+1 is acting as support, […]
Nasdaq 100 Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap No test of Y-0 was possible as NQ gap above Y+1 to start the week. Gap and go sent NQ above Y+2. Closed the week near Y+2 and above midpoint. Outlook Unusual circumstances led to the continuous up drift which will not last. The question is how much time is needed to […]
Dow 30 Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap Continuous sell pattern broken when Dow gapped at Y+1 and zoomed higher. Unlikely breakout gave us Y+3 target. Dow got the target and went sideway since. Closed the week above Y+2 and midpoint. Outlook The breakout was the result of false rumours on the current situation at Ukraine. An interesting imbalance is […]
S&P 500 Aug 25 to Aug 29 Outlook
By News Robot
Lawrence’s Comment Recap No selloff materialized as the gap and go play took over. Unlike Dow still trading below its all time high, ES has been pushing a new one this week hence the resistance it was facing below Y+3. Closed the week above Y+2 and midpoint. Outlook Another ATH play. If ES fails to […]
USDJPY Aug 25 to Aug 29 Outlook
Lawrence’s Comment Recap Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint. Outlook As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the […]