"Weekly Outlook" Posts
AUDUSD Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Aussie held previous week close and then bounced back up to resistance zone / channel top. Channel top confirmed as resistance with Y-1 in play. Y-0 resumed its role as resistance and pressed Aussie down to below Y-1. Closed the week below Y-1 and near week low. Outlook More down side is […]
EURUSD Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap As expected Euro simply continue with its sell off down to Y-1 and then breaking it. Y-1 turned into resistance and sent Euro down to Y-3. Closed the week below Y-2 and near week low. Outlook Drop is still too controlled meaning more downside risk likely. Cannot rule out a sharp bounce […]
USDCAD Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed the week above Y+1 and near week high. Outlook Outside reversal week with strong close is bullish. A push towards B+2 is likely.
GBPUSD Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Beautiful whiplash play from resistance mentioned last week. Breaking support without putting up a fight at all. 200% range expansion. Closed the week below Y-2 and near week low. Outlook Wide range outside reversal week is bearish. So more downside is expected. If support is found at round # 1.50, a volatile […]
S&P 500 Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support sent ES up to Y+1 and cleared it easily. This opened the door to Y+2. Y+2 tagged and pullback started. 3 pushes down into Friday and held the previous week close. Closed the week above Y+1 and near midpoint. Outlook 3 pushes down is a pullback pattern which points to […]
Dow 30 Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 and found support. NFP Friday ended up doing nothing. Closed the week aobve Y+1 and midpoint. Outlook Potential spike and ledge with Y+1 […]
Nasdaq 100 Nov 09 to Nov 13 Outlook
By News Robot
Lawrence’s Comment Recap Similar to Dow, NQ found support at Y-0 and started another leg higher until Y+2 was tagged. Following the exact same pattern as Dow, NQ pullback to Y+1 to wait for NFP. Closed the week above Y+1 and midpoint. Outlook Test of B+1 fails will lead to a drop back down to […]
Dow 30 Mar 09 to Mar 13 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 tested and rejected. Back down to Y-0 and then collapsed to Y-1. Y-0 turned into strong resistance and sent Dow all the way down to Y-3 which is the tight range breakout target. Closed the week below Y-3 and near week low. Outlook Consolidation after wide range week is normal. But […]
GBPUSD Mar 09 to Mar 13 Outlook
By News Robot
Lawrence’s Comment Recap The breakdown play worked out. Cable cleared 1.53 quickly and dropped down to Y-2 for a pause. That did not last long and cable just break down at the end. Closed the week below Y-3 and at week low. Outlook Momentum so strong rarely just stop there so more downside is expected. […]
USDJPY Nov 09 to Nov 13 Outlook
Lawrence’s Comment Recap Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week high. Outlook More upside is expected with BOJ potentially jawboning the market when ninja hits 123. Consolidation around B+1 will still be very […]