"Weekly Outlook" Posts
USDCAD Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 and midpoint. Outlook Multiple week compression gives us this powerful rally. More upside is expected. A drift back to B-0 support is possible […]
GBPUSD Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below Y-0 and above mipoint. Outlook Original downside target not reached yet. Bear flag is supposed to be bearish yet cable managed to invalidate […]
EURUSD Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap All week consolidation at around 50% previous week range. After NFP euro pushed higher back up to near Y-0. Closed the week below Y-0 and above midpoint. Outlook No strong directional bias from here. For more downside we need euro to find resistance at Y-0 and below B+2 to force it lower. […]
Dow 30 Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed the week near Y-1 and below midpoint. Outlook Spike and ledge invalidated. Dow turned into a bull flag. This is a bullish setup. […]
S&P 500 Jan 13 to Jan 17 Outlook
By News Robot
Lawrence’s Comment Recap A frustrating week for many. As oppose to finding resistance at Y-0 and start a pullback, ES managed to hold in a tight range above previous week close. By the time NFP was out, it managed to hold week mid and blasted higher to close above previous year close. Closed the week […]
AUDUSD Jan 13 to Jan 17 Outlook
Lawrence’s Comment Recap Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high. Outlook As mentioned last week Aussie did an upside breakout and now we have confirmation. At least a run to B+2 is expected.