"Weekly Outlook" Posts
GBPUSD Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint. Outlook Short term low in place but not in daily up trend yet. This implies consolidation with […]
Nasdaq 100 Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex Friday it zoomed to 100% range expansion target. Closed the week above Y+1 and midpoint. Outlook Consolidation likely as the market shock has […]
AUDUSD Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint. Outlook To start a new up trend on daily against US dollar, Aussie needs Y-0 to act as support and take out B+1 in coming 2 weeks.
USDCAD Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap Loonie reacted the same way like the other majors to the FOMC announcement last week. Break down from the daily up trend tagged normal sell off target of Y-2. Strong reaction to Y-2. Closed the week below Y-1 and midpoint. Outlook Outside week and closing below Y-1 is bearish. Short term top […]
S&P 500 Mar 23 to Mar 27 Outlook
By News Robot
Lawrence’s Comment Recap My short term low in place expectation proven to be correct. ES rushed back up above Y-0 since the beginning of the week and consolidated around it. FOMC announcement took ES straight up above Y+1 and eventually Y+2. Closed the week above Y+1 and midpoint. Outlook Wide range week with gaps everywhere […]
USDJPY Feb 23 to Feb 27 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint. Outlook BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move […]
Nasdaq 100 Feb 23 to Feb 27 Outlook
By News Robot
Lawrence’s Comment Recap No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. Closed the week above Y+1 and at week high. Outlook Once in a blue moon we get option expiration to close at the […]
AUDUSD Feb 23 to Feb 27 Outlook
By News Robot
Lawrence’s Comment Recap Bullish expectation was correct with up drift for a test of Y+1. But the weaknesses in gold put a brake on Aussie all week long. Closed the week at Y+1 and near week high. Outlook The up drift has to breakout Y+1 / B+1 quickly and stay above for the rally to […]
Dow 30 Feb 23 to Feb 27 Outlook
By News Robot
Lawrence’s Comment Recap Dow trapped in Y-0 to Y+1 most of the week until Friday option expiration. It then took off when news about Greece debt agreement were fed out. Closed the week above Y+1 and at week high. Outlook Upside target of Y+2 is not tagged yet on news driven breakout. That will likely […]
Dow 30 Mar 23 to Mar 27 Outlook
Lawrence’s Comment Recap As I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC announcement produced a squeeze so strong that all losses from the week prior were wiped out in 30 minutes. Yet, Dow failed to […]