"Weekly Outlook" Posts
GBPUSD Feb 22 to Feb 26 Outlook
By News Robot
Lawrence’s Comment Recap Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint. Outlook The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short […]
USDCAD Feb 22 to Feb 26 Outlook
By News Robot
Lawrence’s Comment Recap Initial break of Y-1 resulted in strong reaction and sent this back up to Y-0. Y-0 resistance confirmed and dropped this down to Y-2. Support found and drifted back up to Y-1. Closed the week below Y-1 and near midpoint. Outlook Consolidation actions with range trapped between weekly support and daily resistance. […]
USDJPY Feb 22 to Feb 26 Outlook
By News Robot
Lawrence’s Comment Recap Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low. Outlook The expectation of retesting Y-1 is still in play. Support at Y-1 / B-2 will give us a strong bottom for retest of Y-0 / B+1 quickly.
AUDUSD Feb 22 to Feb 26 Outlook
By News Robot
Lawrence’s Comment Recap Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint. Outlook Y-0 support points to the intention of retesting the spike high near Y+2. Strong resistance at Y+2 / B+2. Breaking below B-1 will give us […]
S&P 500 Feb 22 to Feb 26 Outlook
By News Robot
Lawrence’s Comment Recap ES follow through with its breakout above its 3 pushes down pattern on 30-min. Cleared Y+1 and tagged Y+2 quickly. Since then going sideway the rest of the week. Closed the week near Y+2 and above midpoint. Outlook Short squeeze rally does not last. The momentum would attract dip buyers but will […]
Nasdaq 100 Feb 22 to Feb 26 Outlook
Lawrence’s Comment Recap NQ cleared Y+1 by gapping above it right off the start of the week. That forced all shorts to cover and the Y+3 target for surprise move was tagged. Consolidation since. Closed the week above Y+2 and midpoint. Outlook Dirty bottom on daily formed. NQ open gap above is a magnet if […]