"Weekly Outlook" Posts
GBPUSD Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint. Outlook Seasonal up drift for Cable kicks in. […]
AUDUSD Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint. Outlook As I pointed out 2 weeks ago, Aussie could be telling us that gold is about to bottom out on short term basis. Gold made a […]
Dow 30 Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap Perfect double top on daily sent Dow back down to double top target. Technical buying / short covering started and sent Dow straight back up. Closed the week near Y+1 and above midpoint. Outlook V-shape reversal points to more upside in store. Y-1 / B-0 now strong support until proven otherwise.
USDCAD Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation with low volume all week. Trapped within previous week range. Closed the week near Y-0 and midpoint. Outlook Consolidation / compression until first week of next year is likely as long as there is no news shock affecting global markets. If we get news shock, expect either B+3 or B-3 will […]
EURUSD Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap Mario Draghi nuked the Euro melt down move and sparked a stop run of almost 500 pips. Closed near Y+4 and above midpoint. Outlook Seasonal effect on Euro is strong and lots of trapped shorts will be eager to cover at B-0 and slightly below, the reduced liquidity during the holiday season […]
S&P 500 Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap After completing the 100 points dash to above 2100 (the actual bottom is not visible on the chart because it happened during overnight actions), unloading started and FBO against Y+1 led to a drop back down to Y-1. Y-1 failed to stop the sell off and gave way to Y-3. NFP saved […]
Nasdaq 100 Dec 07 to Dec 11 Outlook
By News Robot
Lawrence’s Comment Recap NQ break out upside above Y+1 but failed to push beyond 100% absolute range expansion. FBO against Y+1 led to a drop back down to Y-1 and found support near Y-2. After NFP, a huge stop hunt started with ECB adding fuel later in the day. Closed the week above Y+1 and […]
EURUSD Sep 07 to Sep 11 Outlook
By News Robot
Lawrence’s Comment Recap Euro tried to hold Y-1 but failed to clear 1.13 and eventually failed to hold above 1.12. Tight range consolidation. Closed the week near Y-1 and below midpoint. Outlook Long term resistance 1.12 and above now confirmed resistance again after the violent FBO 2 weeks ago. B-0 / B+1 zone resistance points […]
Dow 30 Sep 07 to Sep 11 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 / previous week close resistance dropped Dow back down to Y-0. Dow bounced off Y-0 to fill the gap above and stalled. After NFP Dow dropped to Y-0 again. Closed the week above Y-0 and below midpoint. Outlook Interesting inverse spike and ledge in place. If Dow can clear B+1 quickly […]
USDJPY Dec 07 to Dec 11 Outlook
Lawrence’s Comment Recap Ninja tested Y+1 and failed to clear it. Dropped back down to Y-0 and found support. 2nd attempt at Y+1 cleared it and moved higher until 100% absolute range expansion. Failed to hold above Y+1 sent it back down to Y-1. Bounced off Y-1. Closed the week above Y-0 and midpoint. Outlook […]