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Weekly Technical Analysis

EUR/USD Weekly Forecast – 24 August – 28 August

Euro was pushed higher in the course of the last week, breaking decisively and finishing the week above 1.13 handle. This is mostly result of dovish Fed comments concerning rate hike, but also it seems that euro found some bullish…

GBP/USD Weekly Forecast – 24 August – 28 August

Sterling tested few times 1.57 handle in the course of the last week and finished the week around this area supported by better than forecasted UK inflation data as well as dovish FOMC Meeting Minutes. Next week we would pay…

AUD/USD Weekly Forecast – 24 August – 28 August

Aussie went back and forth during the last week essentially doing nothing, with 0.72 handle offering support and 0.74 handle being too resistive.With that being the case we believe that pair will remain within its recent consolidation range. Next week…

EUR/USD Weekly Forecast – 17 August – 21 August

After it initially tested 1.09 handle, euro managed to strongly rebound in the course of the last week going all the way to 1.12 handle, though there were no major data releases from Eurozone. This incline was mostly result of…

GBP/USD Weekly Forecast – 17 August – 21 August

Sterling once again found area around 1.55 handle to be supportive during the last week and bounce out but only to struggle with 1.56 handle, especially with the area around 1.5660 level, as it momentarily offers plenty of resistance. As…

AUD/USD Weekly Forecast – 17 August – 21 August

Aussie was pushed sharply down initially last week, testing 0.72 handle as a support on the news on Chinese devaluation of yuan. However, by the end of the week with the rebound on gold and iron ore markets Aussie also…

EUR/USD Weekly Forecast – 10 August – 14 August

Euro went back and forth in the course of the last week, going below 1.09 handle initially, but rebounding by the end of the week and finishing it well above 1.09 level. However, we still believe that there is plenty…

GBP/USD Weekly Forecast – 10 August – 14 August

Sterling was pushed below 1.55 handle in the course of the last week, mostly due to dovish remarks from BoE Meeting Minutes. As for next week we would be focused on UK job data. Weaker than expected figures would push…

AUD/USD Weekly Forecast – 10 August – 14 August

Aussie managed to rebound during the last week, supported by hawkish RBA statements on current exchange and interest rates, breaking above 0.74 handle, though this area seems to be resistive for this pair. Next week, we expect market movement from…

EUR/USD Weekly Forecast – 03 August – 07 August

After it was initially pushed higher, testing 1.11 handle as a resistance, euro pulled back in the course of the last week especially after FOMC Statement. However, 1.09 handle offered plenty of support with euro rebounding and going back to…

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