"Weekly Outlook" Posts
EURUSD Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low. Outlook ECB’s actions are intentional to damage euro. More downside is expected.
USDJPY Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target of Y+2. Closed the week near Y+2 and week high. Outlook Signs of short sequeeze meaning a pullback can happen anytime now. main […]
GBPUSD Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 test rejected. Cable slided back down to Y-0 eventually.Closed the week below Y-0 and near week low. Outlook Upside rejected decisively. Y-0 / B-0 strong resistance unti proven otherwise.
Dow 30 Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap Dow stays near unchange and then breakout to the upside. Cannot stop until 200% absolute range expansion was reached. Clsoed the week above Y+3 and near week high. Outlook Signs of exhaustion showing with multiple open gaps below. B-0 retest likely.
Nasdaq 100 Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap NQ consolidated around Y+1 and broken out to the upside. Earnings sent NQ straight up to Y+4. Closed the week above Y+4 and near week high. Outlook Too much too fast means consolidation this week likely.
AUDUSD Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance sent Aussie down to Y-1. Y-1 acted as support sent Aussie back up to Y-0. Closed the week near Y-1 and below midpoint. Outlook Tight range week with no winner yet. For up trend to resume, breakout above B+1 is needed. More downside to B-2 is more likely.
S&P 500 Oct 26 to Oct 30 Outlook
By News Robot
Lawrence’s Comment Recap ES holding up around Y+1 first half of the week. Since then breakout of the tight range to the upside. Y+2 tagged and produced a pause. Closed the week near Y+3 and week high. Outlook B+1 resistance will give us Y+2 / B-0.
EURUSD Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap ECB surprised the world with its QE last week. Euro consolidated until the leak of the announcement and dropped straight down. Closed the week below Y-2 and midpoint. Outlook 1.12 was an old support zone from many years ago. If Euro can hold Y-3 area, a bounce back up to B-0 is […]
Nasdaq 100 Jan 26 to Jan 30 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 failed to hold NQ down, gave it the perfect excuse to squeeze back up to Y+1. NQ was able to hold above Y+1 and consolidated there. Closed the week above Y+1 and near week high. Outlook A retest of Y+1 is in order. Breaking below on daily closing basis points to […]
USDCAD Oct 26 to Oct 30 Outlook
Lawrence’s Comment Recap Y-0 turned into support by mid week. Y-0 sent this up to Y+1. Y+2 was eventually tagged. Closed the week above Y+1 and near week high. Outlook The weekly level support is now proven too strong for swing shorts. Retest of year high in the making.