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Weekly Technical Analysis

EUR/USD Weekly Forecast - 2 July - 6 July

Euro was initially pulled lower in the course of the last week going all the way to 1.1525 level on Wednesday but formed some amount support in this area and managed to completely rebound in the course of the Friday…

GBP/USD Weekly Forecast - 2 July - 6 July

Sterling found area near 1.33 handle to be too resistive in the course of the last week and was then pushed lower going all the way to 1.3050 area, which proved to be supportive enough at the moment for pair…

AUD/USD Weekly Forecast - 2 July - 6 July

Aussie spent last week in a decline going all the way to 0.7320 level, though there were no major data releases from Australia. However, pair managed to rebound on Friday and finish the week around 0.74 handle. As for next…

EUR/USD Weekly Forecast - 25 June - 29 June

Last week, EUR/USD traded relatively in-line with our tempered expectations – the euro chopped around with little net effect for the week as the ECB-driven move from the Thursday before took time to digest. Overall, a second test of significant support held…

GBP/USD Weekly Forecast - 25 June - 29 June

Notes: The British Pound has continued to trade within the confines of the descending pitchfork formation highlighted in our previous GBP/USD Technical Perspective, with prices rebounding off a confluence support zone this week around ~1.3164. This region is defined by the 50% retracement of the…

GBP/USD Weekly Forecast - 25 June - 29 June

Notes: The British Pound has continued to trade within the confines of the descending pitchfork formation highlighted in our previous GBP/USD Technical Perspective, with prices rebounding off a confluence support zone this week around ~1.3164. This region is defined by the 50% retracement of the…

AUD/USD Weekly Forecast - 25 June - 29 June

The AUD/USD pair formed a double bottom in the mentioned weekly low, up from the level but by less than 100 pips, and barely enough to trim weekly losses, falling short of confirming an upcoming reversal. In the weekly chart, the…

EUR/USD Weekly Forecast - 18 June - 22 June

The EURUSD broke some significant support levels last week. Thursday’s massive 290 pip range took out the previous ten sessions and also closed well below the 2017 trend line. For the week ahead, a retest of the 1.1650 area will likely attract…

GBP/USD Weekly Forecast - 18 June - 22 June

Notes: The British Pound has continued to trade within the confines of the descending pitchfork formation highlighted in our previous GBP/USD Technical Perspective, with prices rebounding off a confluence support zone this week around ~1.3164. This region is defined by the 50% retracement of the…

AUD/USD Weekly Forecast - 18 June - 22 June

Notes: In last month’s AUD/USD Weekly Technical Perspective, we noted that the Aussie rebound was targeting, “initial resistance up towards 7636- a breach there would be needed to suggest that a larger reversal is underway / a more significant low is in place.…

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