Weekly Technical Analysis
- Saturday, 19 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 21 May - 25 May
Since closing below 1.3600 on May 2, the GBPUSD has been limited to a 140 pip range with a floor at 1.3460. This is the same range mentioned earlier; nothing has changed since then. As such, here’s our analysis of May 13:
- Saturday, 19 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 21 May - 25 May
Notes: Last week we noted that the Australian Dollar was, “testing BIG weekly support and IF price is going to rebound, this would be a good spot.” Price was unable to close below confluence support at 7480 with Aussie mounting a counter-offensive against the US Dollar early…
- Saturday, 12 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 14 May - 18 May
We looked at the EURUSD a couple of times last week. The first was on Monday when the pair was breaking below the 1.1930 handle, and the second was on Friday during the two-day rebound, that started from 1.1830 one of the levels that we pointed…
- Saturday, 12 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 14 May - 18 May
The GBPUSD was uneventful last week, to say the least. In fact, after five days of trading, the pair closed the week just five pips above its opening price of 1.3533. Last Sunday we pointed out 1.3600 as the resistance level to watch.…
- Saturday, 12 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 14 May - 18 May
Aussie/USD fell to new lows around 0.7410. Technical lines from top to bottom: 0.7890 worked as support in February and resistance in October. 0.7810 was a swing high in mid-April.
- Saturday, 05 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 7 May - 11 May
Another week is behind us, and another support level is broken on the EURUSD. Sellers have made a habit of this since the single currency broke long-term wedge support on April 20. Last Monday’s session broke the 1.2090 support level. The breakdown…
- Saturday, 05 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 7 May - 11 May
Similar to its EURUSD counterpart, the GBPUSD ended Friday’s session with a three-week losing streak. Unlike the Euro, though, the pound began its descent with a bearish engulfing week. Since the April 17 swing high, the pair is down a massive 840…
- Saturday, 05 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 7 May - 11 May
Aussie/USD extended its falls, losing the important 0.75 level before recovering and closing at 0.7538. Technical lines from top to bottom:
- Saturday, 28 April 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 30 April - 4 May
EURUSD sellers followed through in a big way last week. Last Sunday we mentioned the close below the April 2017 trend line near 1.2300. The big question at the time was whether or not Euro bears would come out to play. After all,…
- Saturday, 28 April 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 30 April - 4 May
Notes: The British Pound posted an outside-weekly reversal candle off the yearly highs this month with the decline now taking prices towards a critical support confluence at 1.3675-1.3737 – a region defined by the 23.6% retracement of the 2017 advance, the 2016 high-week close (Brexit), and the…- Popular
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