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Weekly Technical Analysis

GBP/USD Weekly Forecast - 12 February - 16 February

Sterling fell in the course of the last week, going below 1.38 handle, but found some amount of support around 1.3760 area, and managed to rebound in order to finish the week around 1.3820 level. Despite hawkish BoE's stanzas which…

AUD/USD Weekly Forecast - 12 February - 16 February

Aussie broke lower in the course of the last week, going all the way to 0.7750 handle, mostly due to mixed Australian figures and overall stregthening of the US dollar. However, pair managed to find some amount of support around…

EUR/USD Weekly Forecast - 05 February - 09 February

Euro formed support around 1.2330 area in the course of the last week and was then pushed higher going all the way to 1.25 handle, however, it found some amount of resistance there and after better than forecasted US NFP

GBP/USD Weekly Forecast - 05 February - 09 February

Sterling was initially pushed lower in the course of the last week, but found some amount of support around 1.40 handle and was then pushed higher going all the way to 1.4280 area which proved to be quite resistive and…

AUD/USD Weekly Forecast - 05 February - 09 February

Aussie spent last week in a decline, finding area above 0.81 handle to be too resistive, and after some mixed Australian figures pair pulled back going all the way to 0.7920 are by the end of the week, which is…

EUR/USD Weekly Forecast – 29 January – 02 February

Euro was pushed higher in the course of the last week, supported by weaker US dollar. Pair broke above 1.25 handle where it found some amount of resistance and after some bullish comments coming from President Trump euro pulled back…

GBP/USD Weekly Forecast – 29 January – 02 February

Sterling broke well above 1.40 handle int the course of the last week going all the way to 1.4340 area, where pair found some amount of resistance and after some bullish comments from President Trump on strength of US dollar…

AUD/USD Weekly Forecast – 29 January – 02 February

Despite no major data releases from Australia last week, Aussie was pushed higher breking above 0.81 handle and finishing the week around this area, mostly due to overall weakness of US dollar in initial part of the week. Next week…

EUR/USD Weekly Forecast – 08 January – 12 January

Euro spent most of the last week going back and forth, with support being formed around 1.20 handle and resistance above 1.2080 area, with the pair in the end finishing week around 1.2030 level. We can expect more volatility next…

GBP/USD Weekly Forecast – 08 January – 12 January

Sterling was initially pushed higher in the course of the last week, breaking above 1.36 handle, but there found plenty of resistance in order to pullback to 1.35 handle which proved to be supportive enough in order for pair to…

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