"Weekly Outlook" Posts
USDJPY Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close acted as support and in turn making Y-0 into support. Pushed to Y+1 target and collapsed back down since. Y-1 strong support as mentioned last week has put a stop to the drop. Closed the week below Y-0 and midpoint. Outlook Outside week yet close near both midpoints. Potential […]
Nasdaq 100 Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap NQ bounced to above Y-0 and found resistance. Could not hold above Y-0 and gave us the expected drop to Y-1 for a test. Previous week close holding NQ down for a flush below Y-1. NQ spike reversal back up to Y-0. Closed the week below Y-0 and above midpoint. Outlook Potential […]
GBPUSD Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap FBO against previous support confirmed early in the week, opening the door to Y+1 and above. Cable held Y-0 and move higher to Y+1 as expected. Closed the week near Y+1 and week high. Outlook Cable back into the range established over the past few weeks. The FBO setup points to more […]
Dow 30 Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap News shock over weekend helped Dow to open above Y-0 which ignited a squeeze to the crime scene where the previous breakdown started. Bad news hit the next day sending Dow opening below Y-0 and filling the weekly gap. More news shock led to flush low below Y-1. A complete reversal happened […]
USDCAD Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap As explained last week, gold will play an important role. As gold rallied last week, this pair went thru wild take down until Y-2 was tagged. Closed the week below Y-0 and above midpoint. Outlook Pullback on 4 hours to daily support found buyers. That is bullish. As long as Y-1 / […]
S&P 500 Aug 17 to Aug 21 Outlook
By News Robot
Lawrence’s Comment Recap News shock forced ES to open above Y-0 and started a squeeze back up to pre-breakdown crime scene. Then news shock from China took over the tap with ES opening below Y-0 and flushed back down to fill the weekly gap below. 2nd day China devaluation actions took ES below Y-1 with […]
EURUSD Aug 17 to Aug 21 Outlook
Lawrence’s Comment Recap Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the squeeze. Closed the week above Y+2 and midpoint. Outlook Short squeeze is not a stable setup. A test of B-0 down to Y+1 […]