"Weekly Outlook" Posts
USDCAD Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint. Outlook Canadian dollar and Aussie both as affected by the flushing process in gold. Until gold settledown a bit, more upside is expected for this pair.
Nasdaq 100 Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support sent NQ up above Y+1 but it fails to hold above that which led to sell off back down to Y-0 and below. Y-0 was cleared quickly leading to Y-1 test. Y-1 was breached. Closed the week below Y-0 and midpoint. Outlook Outside week with down close still within the […]
GBPUSD Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint. Outlook For the breakout to continue, Y-1 must act as resistance and force cable lower quickly. FBO against Y-1 will produce a sharp squeeze higher back up to challenge Y+1.
EURUSD Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint. Outlook Y-0 / B+1 strong resistance until proven otherwise. Failing to clear the resistance points to a drop back down to B-1 and below.
Dow 30 Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap Dow dropped to Y-0 early in the week. Since then it has trouble getting back up to previous week close. Bear flag actions led to further downside actions with Y-1 tagged and then breached. Closed the week near Y-1 and below midpoint. Outlook Weakest one among the 3 major indices. Potential breakdown […]
AUDUSD Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap A quick run to Y+2 has broken the down trend. Aussie fought hard to hold up at the midpoint of its run. Closed the week above Y+1 and near week high. Outlook Sudden strength in Aussie created the potential of a short term rally once B+1 is cleared. If B+1 / Y+2 […]
S&P 500 Aug 10 to Aug 14 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support sent ES back up to Y+1. ES could not clear Y+1 and stalled from there since. ES collapsed below Y-0 and dropped all the way down to the long term support zone before it was able to bounce. Closed the week below Y-0 and midpoint. Outlook Inside week weak close […]
USDJPY Aug 10 to Aug 14 Outlook
Lawrence’s Comment Recap Bullish expectation is correct with Y-0 support pushing higher. 125 round number attracted selling and forced ninja back down. Closed the week below Y+1 and midpoint. Outlook It is now clear than BOJ is determined to fight any attempt to push ninja above 125. Short term this means a cap above and […]