"Weekly Outlook" Posts
USDJPY Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint. Outlook Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 […]
GBPUSD Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near week low. Outlook Potential parabolic run as long as Y-1 resistance holds with target Y-3.
EURUSD Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro pushing towards Y+1. Closed the week above Y-0 and midpoint. Outlook Inside week points to breakout mode. Euro dropping below Y-0 / B-0 […]
Dow 30 Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap Dow held up at top zone around Y+1. Event driven breakout gave us 100% expansion off the tight range. Closed the week above Y+1 and midpoint. Outlook Test of year high in progress. Failing to clear it will lead to sell off back down to at least B-1 and likely B-2. This […]
AUDUSD Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint. Outlook Potential break of up channel and rising wedge in progress. As long as Y+1 / B-0 zone acting as resistance a drop towards B-2 is […]
Nasdaq 100 Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint. Outlook Sideway actions with a weak upside triangle formation points to potential upside breakout for Y+2. Such actions can be the making of a blow off top.
S&P 500 Aug 15 to Aug 19 Outlook
By News Robot
Lawrence’s Comment Recap More upside as projected. Sideway actions around Y+1 is normal after wide range reversal week. Closed the week above Y+1 and midpoint. Outlook As long as Y+1 / B-0 zone acting as support, another push higher is likely. Breaking of B-1 points to quick selloff down to B-2 and then B-3.
AUDUSD Feb 15 to Feb 19 Outlook
By News Robot
Lawrence’s Comment Recap Dropped to Y-1 and found support. Stopped at resistance zone mentioned last week. Closed the week below Y0 and above midpoint. Outlook Tight range consolidation while trapped between Y-0 and B-0 points to breakout play. Failing to hold Y-1 will give us B-2 and B-3 quickly. Breakout above B+1 will give us […]
Dow 30 Feb 15 to Feb 19 Outlook
By News Robot
Lawrence’s Comment Recap Double top setup in place right from the start of the week. Test of Y-0 rejected giving us retest of Y-1 and gapped down to Y-2 and below. The defense of 1000 points round number down swing saved the week. Closed the week near Y-1 and above midpoint. Outlook Critcal juncture for […]
USDCAD Aug 15 to Aug 19 Outlook
Lawrence’s Comment Recap Y+1 resistance led to reversal back down to spike up move crime scene down below near Y-1. Y-1 tagged and unlocked further selling. Closed the week below Y-1 and near week low. Outlook Measured down move on daily. Y-2 / B-1 support will send this back up to B-0.