"Weekly Outlook" Posts
GBPUSD Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low. Outlook Y-0 is still in play and can happen early next week. Reaction from below Y-0, specifically quick snap back up above B-1 will setup cable […]
EURUSD Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close acted as support all week making the consolidation higher than usual. Closed the week above Y+1 and midpoint. Outlook An up channel has developed. A break above B+1 will give us channel top which is quite far above near B+3. As long as that has not happened yet, there […]
Dow 30 Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around B+1 at 50% range as expected. A necessary pause for the wild moves over the past few weeks. Closed the week below Y+1 and near midpoint. Outlook Difficult week ahead for stock markets worldwide again. On one hand G20 agreed to print $2 trillion dollar worldwide over the weekend. On […]
S&P 500 Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close at 50% range. A rare normal breather since the beginning of this year. Closed the week below Y+1 and near midpoint. Outlook A marginal double top in place with neckline at B-1 and target at B-3. B-3 is in the zone where the backfill actions should drop […]
USDCAD Feb 24 to Feb 28 Outlook
Lawrence’s Comment Recap Down channel turned into a wedge. Then breakout happened conveniently at the right time sending this back up to my target above. 200% absolute range expansion stopped the run. Closed above Y+1 and midpoint. Outlook Strong reaction because all committed shorts had stops piled up between Y-0 and Y+1. That’s why the […]