"Weekly Outlook" Posts
USDCAD Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap As explained last week, short term low should be in place and it worked out nicely. Y-0 support sent this up to Y+1 and pushed up again but failed to hold above Y+1. Closed the week above Y-0 and near midpoint. Outlook 3 pushes up pattern suggests consolidation with a retest of […]
GBPUSD Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap Pullback consolidation play worked out. Y-0 target tagged. 50% range. Closed the week near Y-0 and below midpoint. Outlook A retest of Y+1 is possible but only if cable can clear B-0 decisively. Potential spike and ledge in the making with target below Y-1.
USDJPY Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap Was looking for signs of weekly up trend to be defended and we got it last week. Y-1 / previous week close acted as support and sent ninja back to near Y+1. Closed the week above Y-0 and midpoint. Outlook Inside week with both midpoints at about same level. Upside breakout points […]
EURUSD Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low. Outlook As the decision on Greece is not over, euro can easily bounce back up to B-0 / Y-0 to wait for the outcome. A […]
Nasdaq 100 Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap NQ struggled in the beginning of the week to stay above Y+1 yet failed to hold above it suggesting Y-0 was in play. By the end of the week, the selloff materialized with Y-0 tagged perfectly. Closed the week above Y-0 and below midpoint. Outlook Potential short term top in place. As […]
AUDUSD Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap The FBO short play worked out perfectly with Y-1 tagged by the end of the week. Y-0 acted as resistance all week. Closed the week near Y-1 and week low. Outlook B-0 resistance until proven otherwise, potential daily down trend in the making.
S&P 500 Jun 29 to Jul 03 Outlook
By News Robot
Lawrence’s Comment Recap FBO Monday against Y+1 set the stage for a drop back down to Y-0. The rest of the week just played out the script. Y-0 tagged eventually and ES simply stuck there since. Closed the week near Y-0 and near week low. Outlook 3 pushes down on 30-min points to a potential […]
Dow 30 Jun 29 to Jul 03 Outlook
Lawrence’s Comment Recap As explained last week, Dow was locked in range and it happened again. Y+1 resistance sent Dow straight back down to Y-0 and stuck there. Closed the week near Y-0 and below midpoint. Outlook Y-0 / B-0 now strong resistance until proven otherwise. A break of B-1 will lead to quick flush […]