"Weekly Outlook" Posts
GBPUSD Mar 10 to Mar 14 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint. Outlook There is no real direction developed from the week. Ukraine situation is now center stage and the development there will dictate the direction of the next move. Not the best envrionment […]
EURUSD Mar 10 to Mar 14 Outlook
By News Robot
Lawrence’s Comment Recap My comments for euro last week did not show up properly. What I was looking for was normal breakout follow through since last week was outside week with close above the range of the week before. Anyway, strong pullback to Y-0 first holding the zone. Then the usual stupidity from ECB and […]
Dow 30 Mar 10 to Mar 14 Outlook
By News Robot
Lawrence’s Comment Recap Completely nailed the swings on this one. First move down to Y-1 and below. FBO there gave us a run back up to Y+1. Consolidated since around Y+1. Closed the week above Y+1 and midpoint. Outlook Outside week with close above Y+1. B+1 retest likely. Should B+1 turns into resistance we get […]
Nasdaq 100 Mar 10 to Mar 14 Outlook
By News Robot
Lawrence’s Comment Recap Non-diretional swings caught both bulls and bears by surprise. NQ started the week almost tagging Y-2 and then gapped higher to clean out the stops. Yet by end of week NQ collapsed back down to week mid. Closed the week above Y-0 and midpoint. Outlook Outside week with close near the midpoints […]
S&P 500 Mar 10 to Mar 14 Outlook
By News Robot
Lawrence’s Comment Recap S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 and midpoint. Outlook Outside week with strong close points to more upside. B+1 acting as resistance will give us a quick flush back […]
GBPUSD Feb 10 to Feb 14 Outlook
By News Robot
Lawrence’s Comment Recap Breakout to the downside happened right off the start. Easy play for a slide to below Y-2. Cable never quite tagged Y-3 as it bottomed out above it. Closed the week below Y-1 and above midpoint. Outlook Rising wedge back up to test the resistance at Y-1 / B+1. Can be tricky […]
Nasdaq 100 Feb 10 to Feb 14 Outlook
By News Robot
Lawrence’s Comment Recap Bearish bias worked out. Y-1 tagged first thing for the week. Struggled around Y-1 and eventually tagged Y-2 as well. NQ found strong buying from there back up to Y-1. Squeeze started on Thursday sending NQ back up to right below Y-0 and then NFP report sent NQ straight up to above […]
USDJPY Feb 10 to Feb 14 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. Closed the week aobve Y-1 and B-0. Outlook On weekly basis ninja has formed the first bottom off this pullback which may not […]
AUDUSD Feb 10 to Feb 14 Outlook
By News Robot
Lawrence’s Comment Recap Breakout happened although it is not towards the downside. Same drill with Y+3 normal breakout target tagged and consolidated around that since. Closed the week below Y+3 and above midpoint. Outlook Gold spiked higher and Aussie confirmed that. It is producing a very interesting setup. If gold finds resistance right above and […]
USDCAD Mar 10 to Mar 14 Outlook
Lawrence’s Comment Recap Another easy play last week. Y-0 acted as resistance giving us the Y-2 target as expected. Buying showed up, surprised the sell side and squeezed higher. Closed the week below Y-0 and above midpoint. Outlook As long as B-0 acting as support the potential to retest the spike high near B+2 is […]