"Weekly Outlook" Posts
USDCAD Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap As expected Loonie continues to weaken. 1.26 did not stop the run at all. Until 1.28 was touched. Closed the week at Y+2 and above midpoint. Outlook The weekly and monthly chart is pointing to a test or even breakout above the 1.31 year 2008 high. Given the context, shorter term signals […]
GBPUSD Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint. Outlook Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
EURUSD Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap Euro found support as expected and bounced back up to Y-0 target. From there it just consolidated in tight range. Closed the week below Y-0 and near midpoint. Outlook Two scenarios in play. B-0 down to 1.12 support will give Euro another leg higher in a daily level bear flag / 4 […]
Dow 30 Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap As expected, the choopy run up was not sustainable and Dow fell off a cliff back down to Y-1 right from the start. It then consolidated around Y-1. Closed the week below Y-1 and near week low. Outlook Falling off a daily level bear flag points to range expansion to the downside […]
S&P 500 Feb 02 to Feb 06 Outlook
By News Robot
Lawrence’s Comment Recap As expected, the FBO against Y+1 brought us a nice drop back down to Y-1. ES found support at prior intraday double bottom zone and bounced back up to midpoint of the week. ES failed to clear the midpoint and slided back down. Closed the week below Y-1 and near week low. […]
AUDUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment Recap Y-1 support in the beginning of the week led to an up drift near Y-0. 1-2-3 sell breaking the bear flag sent Aussie straight down to clear Y-1. Range expansion to 2 times the original established range. Closed the week below Y-1 and near week low. Outlook This 2nd leg down is […]