"Weekly Outlook" Posts
USDCAD Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint. Outlook The upside breakout is in line with the weekly up trend. This suggests much higher price level is now possible as long as […]
USDJPY Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Monday price shock failed to force ninja down to Y-2. FBO against Y-1 lead to Y-0 test. Y-0 acted as resistance and sent ninja back down to Y-1. Closed the week above Y+1 and near midpoint. Outlook The 122 test mentioned some time ago finally completed and proven to be strong support. […]
GBPUSD Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Spike and ledge with resistance at Y-0 worked out to the downside. Y-2 acted as support. Closed the week near Y-2 and week low. Outlook More downside is expected with B-0 / Y-1 strong resistance.
EURUSD Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the developing situation in Greece. Closed the week below Y-1 and midpoint. Outlook Wait and see mode continue until we have some tangible outcome […]
Dow 30 Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Bearish bias played out well last week. Normal breakdown play target Y-3 tagged and acted as support. Price consolidated since. Closed the week near Y-2 and midpoint. Outlook Situation in Greece can cause extreme volatility that do not mean anything. Until the first reactions are done, we need to be patient in […]
AUDUSD Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance as expected giving us a perfect drop to below Y-2. Closed the week below Y-2 and near week low. Outlook Last part of the drop is partly stop run and partly panic from breaking of a strong support zone. The momentum will carry Aussie lower. If Aussie can spike low […]
S&P 500 Jul 06 to Jul 10 Outlook
By News Robot
Lawrence’s Comment Recap Situation in Greece destroyed the bulls hope for another attempt to the upside. Clean breakdown from the start of the week pointed to Y-3 target and we got that same day. Y-3 support sent ES back up to Y-2 and consolidated there since. Closed the week near Y-2 and midpoint. Outlook ES […]
Nasdaq 100 Apr 06 to Apr 10 Outlook
By News Robot
Lawrence’s Comment Recap NQ gapped back up to Y-0 and stalled. Sold off back down to Y-1 and found support. Drifted back up to week mid. Closed the week below Y-0 and midpoint. Outlook Until B+1 is cleared, NQ in potential weekly pullback. A slam back down from B+1 first will give us spike and […]
USDCAD Apr 06 to Apr 10 Outlook
By News Robot
Lawrence’s Comment Recap Breakout above Y+1 forced shorts to give up and a drift back up to the crime scene where the original strong selloff reaction started. Once the crime scene was tagged, renew selling showed up and forced price straight down. Closed the week below Y-0 and near week low. Outlook The weekly level […]
Nasdaq 100 Jul 06 to Jul 10 Outlook
Lawrence’s Comment Recap Breakdown play started the week. Dropped down to near Y-3 before support is found. Consolidation since in a shortened holiday week. Closed the week below Y-1 and above midpoint. Outlook Triangle / bear flag on 30-min potential. That gives us upside of gap fill above Y-1 but very strong resistance at B+2. […]