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Weekly Technical Analysis

EUR/USD Weekly Forecast – 02 November - 06 November

Euro was traded in a tighter range between 1.09 handle and 1.1050 level in the course of the last week, still influenced by dovish ECB stanzas, but area around 1.09 handle still offers plenty of support at the moment, with…

GBP/USD Weekly Forecast – 02 November - 06 November

Sterling was pushed lower in the course of the last week, due to weaker than expected UK GDP data and hawkish FOMC statement, however found area around 1.5250 level to be supportive enough at the moment. Focus of the next…

AUD/USD Weekly Forecast – 02 November - 06 November

Aussie went back and forth in the course of the last week, breaking below 0.71 handle, but finding are around 0.7070 level to be to supportive at the moment, with pair rebounding slightly by the end of the week. Next…

EUR/USD Weekly Forecast – 26 October – 30 October

Euro was pushed lower in the course of the last week going all the way to 1.10 handle. The main reason behind this fall are more dovish than expected ECB stanzas, including announcement of new stimulus measures in the future.…

GBP/USD Weekly Forecast – 26 October – 30 October

After few unsuccessful attempts to break, Sterling break decisively down by the end of the week, going all the way to 1.53 handle. Despite rather good UK data, Sterling was also influenced by dovish ECB stanzas which eventually pushed pair…

AUD/USD Weekly Forecast – 26 October – 30 October

Aussie spent last week being traded in a consolidation range between 0.7180 and 0.7310 level. This consolidation does not come as a surprise after recent large uptrend. However, this is also a sign that there is no clear trend for…

EUR/USD Weekly Forecast – 19 October – 23 October

Euro tested 1.15 handle in the course of the last week, but quickly pulled back as this area offered significant amount of resistance but also on dovish comments coming from ECB members. Pair pulled back to 1.13 handle where it…

GBP/USD Weekly Forecast – 19 October – 23 October

Sterling continued its uptrend in the course of the last week, going as high as 1.55 handle, though this area proved to be major resistance at the moment. Despite weaker than expected UK CPI data, Sterling managed to rebound quite…

AUD/USD Weekly Forecast – 19 October – 23 October

Aussie was traded higher initially in the week, but 0.7380 area proved to be too resistive at the moment, with pair pulling back to 0.72 handle after weaker than expected Australian job figures. However, this area offered significant amount of…

EUR/USD Weekly Forecast – 12 October – 16 October

Euro was pushed higher in the course of the last week though there were no major data releases. This incline was mostly influenced by latest NFP figures as well as dovish FOMC Meeting Minutes. Pair broke decisively above 1.13 handle…

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