"Weekly Outlook" Posts
USDCAD Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 weeks ago. Shorts scrambled to cover on this first opportunity to scratch their trades. Closed the week back up near Y+1 and week […]
USDJPY Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap Pullback to Y-2 support zone as expected. Ninja rallied since to tag Y+1. Strong reaction at Y+1 zone bought ninja back down. Closed the week below Y-0 and near midpoint. Outlook Intervention dynamics making it more difficult to clear the weekly resistance above. BOJ official position is that ninja going higher is […]
Nasdaq 100 Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap NQ gapped down to start the week, giving it a reason to rally higher once Y-1 was cleared. NQ pushed hard all week trying to get Y-0. Closed the week above Y-1 and midpoint. Outlook Y-1 / B-0 now support for a test of B+1 / Y-0. As long as that is […]
EURUSD Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend change yet. Closed the week below Y+1 and midpoint. Outlook Summer trading was suppose to be slow and tight range. But here we […]
GBPUSD Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 breached early in the week put Y+1 in play. Y+1 tagged but cable failed to hold above it. Stuggled between Y+1 and Y-0 since. Closed the week above Y-0 and midpoint. Outlook 3rd week trapped in the same range is very strong compression. Breakout mode in place. First move out of […]
AUDUSD Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap Aussie found support at Y-1 and bounced towards Y-0. Y-0 very strong resistance as explained last week which forced Aussie to retest Y-1. Y-1 spike reversal against Y-1 and popped back up to challenge Y-0 yet failed again. Closed the week below Y-0 and near midpoint. Outlook Stair step down trend points […]
S&P 500 Aug 03 to Aug 07 Outlook
By News Robot
Lawrence’s Comment Recap ES gap lower to start the week from long term support zone where the major open gaps are. ES found support there and launched a rally straight back up to previous week midpoint to welcome the FOMC announcement. ES struggled since in consolidation around Y-0. Closed the week near Y-0 and above […]
Dow 30 Aug 03 to Aug 07 Outlook
Lawrence’s Comment Recap Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at the end. Closed the week below Y-0 and above midpoint. Outlook B-0 / Y-1 potential support but not necessary a strong one especially if […]