"Weekly Outlook" Posts
Nasdaq 100 Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap NQ was the near normal one with reduced range and drift like moves. One thing notable is that Google and Amazon has significant negative impact on NQ yet NQ did not drop much relatively speaking. Closed the week above Y-0 and midpoint. Outlook Inside week with Y-0 and midpoint close to each […]
USDCAD Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at reduced range as expected. Closed the week below Y+1 and above midpoint. Outlook More upside likely after consolidation. FBO against Y+1 / B+1 zone will give us a drop back down below B-1.
USDJPY Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap First test of year high led to a pullback to Y-0 but no break of support. 2nd try did the trick and sent ninja to above Y+2. That in turn triggered a massive short squeeze into the end of the week. Closed the week above Y+4 and near week high. Outlook Short […]
AUDUSD Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low. Outlook Aussie is developing a falling wedge / thin channel that cannot last. A flush type move without tagging B-2 follows by a quick snap back above B-1 will […]
GBPUSD Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap Cable found support at 1.56 and bounced back above Y-0 yet failed to hold above. 2nd try to go higher from Y-1 was stopped at Y-0. By end of the week the buying stopped with cable dropping to new low. Closed the week below Y-1 and near week low. Outlook Cable did […]
Dow 30 Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can affect its NFP play. Closed the week above Y+2 and midpoint. Outlook As long as B+1 acting as resistance, good chance Dow will […]
S&P 500 Dec 08 to Dec 12 Outlook
By News Robot
Lawrence’s Comment Recap Just like Dow, ES opened and flushed down to the void zone below 2050 first thing in the week. Down side target used up and the buying immediately lifted ES back up to Y+1 in a near straight line. ECB news shocked ES down to the midpoint of the week at the […]
USDCAD Sep 08 to Sep 12 Outlook
By News Robot
Lawrence’s Comment Recap Hit resistance mentioned last week, fall back down to near Y-1 support. Consolidated around previous week close as expected. Closed the week below Y-0 and near midpoint. Outlook Consolidation with close near midpoint is indecision. Y-1 was rejected decisively. This gives US dollar an advantage, pointing to retest of B+1 in play.
AUDUSD Sep 08 to Sep 12 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 failed to hold Aussie, got the flush to Y-1. Y-1 found support, zoomed back up to Y+1. Strong reaction to Y+1 yet midpoint of week acted as support. Closed the week near Y+1 and above midpoint. Outlook Outside week yet above Y+1 was rejected strongly. If Aussie cannot clear B+1, will […]
EURUSD Dec 08 to Dec 12 Outlook
Lawrence’s Comment Recap As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week near Y-2 and below midpoint. Outlook Euro down trend intact. More down side likely. Rare case scenario that Euro jumps above B+1, a […]