"Weekly Outlook" Posts
USDCAD Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close. Trapped between Y+1 and Y-0. Closed the week near Y-0 and B-1. Outlook Still trapped within the same range over the past several weeks. Until break out of this range, there is no trend to lean on.
GBPUSD Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint. Outlook Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
EURUSD Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint. Outlook Whole Europe is now in panic mode. Any news shock can easily swing Euro 200 pips both ways. Inside week points to breakout […]
Nasdaq 100 Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap More downside as expected. Y-2 support sent NQ straight back upto Y-0. Y-0 breakout gave us a squeeze to fill the gap above. Closed the week above Y-0 and near week high. Outlook Y+1 / open gap above upside target also important resistance on first touch basis. A sudden sharp drop is […]
Dow 30 Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap 17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow straight up. Closed the week near Y+1 and week high. Outlook The biggest 5 day run in the past 5 years, enough said. […]
AUDUSD Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 test led to up drift for Y-0 all week. Closed the week near Y-0 and week high. Outlook Rising wedge breakdown points to test of B-1 / Y-1. Not supportive of gold rally. Further consolidation likely.
S&P 500 Jul 04 to Jul 08 Outlook
By News Robot
Lawrence’s Comment Recap As expected, ES dropped below 2000 to challenge its monthly support zone. Picture perfect Y-2 test sent ES striaght back up to Y-1, breakout and zoom higher to Y-0 and then gun for open gap fill at Y+1. Closed the week above Y-0 and near week high. Outlook V-shape reversal points to […]
USDJPY Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap Consolidation around previous week close in tight range. Closed the week below Y-0 and near midpoint. Outlook Test of B-1 likely. B-1 acting as support will give us B+1 and above.