"Weekly Outlook" Posts
USDCAD Mar 03 to Mar 07 Outlook
By News Robot
Lawrence’s Comment Recap As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint. Outlook 1-2-3 sell on 4 hours points to B-2 and lower. Not necessary a very bearish move just that real buyers have to step in from […]
GBPUSD Mar 03 to Mar 07 Outlook
By News Robot
Lawrence’s Comment Recap The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint. Outlook Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult […]
Dow 30 Mar 03 to Mar 07 Outlook
By News Robot
Lawrence’s Comment Recap Gap above Y+1 killed the pullback potential down to Y-2. That did not changed the consolidation actions that is expected for the week. Wild swings by the end of the week thanks to Mrs. Yellen testimony and crisis in Ukraine. Closed the week near Y+2 and above midpoint. Outlook A quick drop […]
S&P 500 Mar 03 to Mar 07 Outlook
By News Robot
Lawrence’s Comment Recap Open the week with clean break above Y+1 opened the door to Y+2 and Y+3 since. Multiple attempts to go lower has failed leading to end of week rally to almost Y+3. Closed the week above Y+2 and midpoint. Outlook End of week flush lower was direct reaction to the conflict in […]
Dow 30 Feb 03 to Feb 07 Outlook
By News Robot
Lawrence’s Comment Recap Dow completely dominated by bottom pickers in the beginning of the week. Hence failed to clear the previous week close from below. As new low printed mid week, the bounce that followed could not even clear Y-1. Flushed to 2X weekly opening range and bounced. Closed the week below Y-1 and midpoint. […]
GBPUSD Feb 03 to Feb 07 Outlook
By News Robot
Lawrence’s Comment Recap A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can’t ask for more. Closed the week below Y-0 and midpoint. Outlook Inside week. Y-0 and B-0 near each other. Breakout mode in place. Until Y+1 or Y-1 is breached, there will be no directional […]
USDCAD Feb 03 to Feb 07 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it back down. Closed the week below Y+1 and near midpoint. Outlook 3 pushes up downside target still not tagged yet. As long as […]
USDJPY Feb 03 to Feb 07 Outlook
By News Robot
Lawrence’s Comment Recap Dropped lower to tag the downside target right off the start and snapped back up. FBO gave us a go for Y-0 and we got that. Perfect sell setup back down to week low and trapped since. closed the week at Y-1 and near week low. Outlook Yen is the only currency […]
AUDUSD Mar 03 to Mar 07 Outlook
Lawrence’s Comment Recap No drastic move last week. 2nd week of pullback from the multiple week rally. Closed the week below Y-1 and midpoint. Outlook Still moving within the context of consolidation / pullback mode. Until gold can make a move out of its current range, there is nothing much to lean on. A down […]