"Weekly Outlook" Posts
AUDUSD Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap Aussie held Y-0 and gave us upside breakout. No FBO implies normal breakout target Y+3 in play. Y+3 tagged later in the week. Closed the week above Y+2 and midpoint. Outlook Breakout was stop run induced. That points to Y+2 retest is necessary. B-0 is also possible as long as B+1 acting […]
GBPUSD Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where the last flush started. Closed the week above Y-0 and near week high. Outlook Thin up channel all week. Such formation do not […]
Dow 30 Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near Y-0 and below midpoint. Outlook Not quite inside week but range definitely reduced further. The compression has now grown stronger. 2 unique chart patterns stand out […]
Nasdaq 100 Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried by Y-1 to Y-3 breakout play. Forced reversal from dirty bottom mid week could not breach B-0 from below. One last flush back […]
S&P 500 Mar 31 to Apr 04 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation week as expected. Flushed to Y-1 and bounced. Failed to hold above Y-0 gave us another chance for the retest. Flushed to close the open gap and bounced. Failed to clear Y-0 and stalled. Closed the week above Y-1 and below midpoint. Outlook May I remind you that this was the […]
USDCAD Mar 31 to Apr 04 Outlook
Lawrence’s Comment Recap Pullback to Y-0 turns into all out collapse. Could not stop until 100% range expansion. Closed the week above Y-1 and below midpoint. Outlook US mid-week data together with development of tension between US and Russia is not good for US dollar relative to the metal currencies. Y-0 / B-0 zone now […]