"Weekly Outlook" Posts

Dow 30 Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Weakest of the big 3 indices, Dow consolidated around Y-1 without giving us any directional move. Closed the week below Y-1 and near midpoint. Outlook Bull flag on daily is bullish. Upside breakout with Y-1 / B-0 acting as support will give us a run towards year high ay Y+1.

EURUSD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap FOMC announcement decided the fade of Euro by defending PWC and led to an all out short squeeze. Surprise swing points to Y+3 in play. Closed the week above Y+2 and near week high. Outlook Just like last few times even though we know ultimately euro will be going down, the short […]

AUDUSD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 resistance gave us a test of Y-1. FBO against Y-1 gave us reversal back up to Y+1. No surprises whatsoever. Closed the week near Y+1 and week high. Outlook FOMC announcement affected gold and in turn affected Aussie. FBO reversal likely have follow thru hence Y+2 / B+2 are in play. […]

GBPUSD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Cable trapped within previous week range all week. Not even FOMC announcement can push it out of the range. Closed the week above Y-0 and midpoint. Outlook Hourly inverse head and shoulder now gone, leaving the spike and ledge on 4 hours intact. Breaking below Y-1 / B-1 points to B-3 and […]

USDJPY Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and week low. Outlook Ninja simply dropped back down to the crime scene where the last squeeze higher started. This means there is no […]

Nasdaq 100 Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint. Outlook NQ has been climbing higher with weakening breadth support. Once uptrend is broken, a steep pullback is likely with B-2 / Y-1 target.

USDCAD Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Tried to hold above Y+1 but failed. Pullback to support zone and failed to clear Y+1 since led to another drop to Y-0 and below. Closed the week near Y-0 and week low. Outlook Rally off a thin up channel was not sustainable. Pullback down to same consolidation range over the past […]

S&P 500 Aug 01 to Aug 05 Outlook

By News Robot

Lawrence’s Comment Recap Consolidation week with Y+1 and Y-1 being challenged multiple times. FOMC announcement did not produce enough fuel for ES to breakout of its range. Closed the week near Y+1 and week high. Outlook Ledge after a strong run up is bullish. A push higher to B+2 is likely. If we get a […]

AUDUSD May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment Recap FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint. Outlook Y-2 / B-1 support will force a retest of the 0.77 breakdown crime scene. Until we have a clean break of Y-2, Aussie is simply moving […]

Dow 30 May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment Recap Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 and midpoint. Outlook Y-1/ B-0 strong resistance. Down trend on 30-min established. More down side is expected.