"Weekly Outlook" Posts
Dow 30 Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap Dow pushed higher as expected early in the week. Since then failed to clear the upside and breached Y-0. The break led to all out sell off since. Closed the week below Y-3 and near week low. Outlook A bounce is due but not necessary what we normally expect. It can be […]
USDCAD Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap Bullish bias worked out. Y-0 support gave us a test of Y+1. Closed the week near Y+1 and week high. Outlook Upside breakout points to B+2 and B+3. FBO against B+1 on daily closing basis points to a drop back down to B-1.
Nasdaq 100 Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support as expected and sent NQ up to near Y+1. NQ failed to clear the former support zone, forced it back down to test Y-0. Fed minutes released on Wed and then Asian markets going south helped NQ to break the Y-0 support sending it straight down to below Y-1. Option […]
AUDUSD Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap Note: Somehow the post for last week is missing from the database. Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint. Outlook 3rd week in a row closing near the same price level with midpoints all near each other is compression. It can also be near […]
GBPUSD Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap Bullish expectation worked out as cable continues to challenge the upper boundary. Y-0 support sent cable higher. Closed the week above Y+1 and midpoint. Outlook Cable rising wedge on 4 hours can break the up trend if B-0 is breached. As long as B-0 / Y+1 zone holds, cable can still push […]
USDJPY Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap 3 Pushes Up top as mentioned last week gave us a clean sell off down to Y-2 and waterfall effect carried ninja lower to below Y-3. Closed the week below Y-3 and near week low. Outlook The last part of the flush is mainly stop run. A bounce to 123 area is […]
S&P 500 Aug 24 to Aug 28 Outlook
By News Robot
Lawrence’s Comment Recap ES made it to the open gap fill above early in the week as expected. Since then consolidation for the Fed minute release on Wed. From there Y-0 was breached decisively leading to a drop to below Y-1. That opened the door to breakout target Y-3 and below. Closed the week near […]
EURUSD Aug 24 to Aug 28 Outlook
Lawrence’s Comment Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high. Outlook Measured move upside target reached from the run started 3 weeks ago. 1.14 is key price level for weekly to break the […]