"Weekly Outlook" Posts
AUDUSD Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Aussie successfully cleared 4 hour down channel top, giving us Y+1 and then Y+2. Closed the week near Y+2 and week high. Outlook Aussie’s recovery against US dollar can be a leading indicator that gold may hold its latest drop into new low for the year. Y+1 / B-0 support will be […]
GBPUSD Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Cable found support at Y-0 and eventually challenged Y+1 and then the break down crime scene I mentioned last week. Thatès all it can do and the selloff started. Closed the week near Y-0 and below midpoint. Outlook The daily bear flag on cable will be confirmed if a daily close below […]
EURUSD Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up to Y-0 and rejected. Closed the week below Y-1 and midpoint. Outlook A push down to test 1.06 is in the making. The […]
USDJPY Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Spike low against Y-1 as mentioned last week points to a retest of Y+1. Got the retest and stronger reaction this time sent ninja back down to below Y-0. Closed the week below Y-0 and midpoint. Outlook 2nd rejection of Y+1 from an outside week points to further weaknesses. as long as […]
USDCAD Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Test of Y+1 rejected. Dropped back down to Y-0 and found support. 2nd attempt led to all out selloff back down to 100% absolute range expansion. Found support there again and bounced back up. Closed the week near Y+1 and above midpoint. Outlook Thanksgiving week in US will slow down currency trading […]
Dow 30 Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Overnight pre-open, the downside target was tagged by the index futures, since then Dow never looked back. Trend buy all the way bac up to where the sell off started and stalled from there. Closed the week near Y+1 and above midpoint. Outlook Extreme buying from the combination of several factors has […]
S&P 500 Nov 23 to Nov 27 Outlook
By News Robot
Lawrence’s Comment Recap Overnight ES dropped below 2000 and the buying started right on schedule. The straight up reversal surprised many traders and created a short squeeze later in the week forcing a push above Y+1. Closed the week below Y+1 and above midpoint. Outlook A retest of B+1 will tell us if this rally […]
USDJPY Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap Trend line break play worked out with ninja dropped to almost Y-3. Strong reaction right after taking ninja back up to exactly where the breakdown started. Closed the week near Y-2 and midpoint. Outlook Wide range week and daily up trend broken points to consolidation play this week. 50% of previous week […]
EURUSD Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint. Outlook Although euro snapped out of its down trend, it still has to deal with trapped long from above 1.09. This means even though a short […]
Nasdaq 100 Nov 23 to Nov 27 Outlook
Lawrence’s Comment Recap NQ found support overnight before Monday open and rallied straight up since. This move caught many people by surprise and further fueled the run to clear Y-0 quickly, giving us a go for Y+1. Closed the week near Y+1 and week high. Outlook Outside reversal week usually leads to bullish outcome. But […]