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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 Daily Forecast - 29 June

Euro went back and forth in the course of the yesterday’s session with support around 1.1525 area and resistance above 1.16 handle, with pair in the end finishing the session in a neutral tone around 1.1550 level. As for tomorrow,…

GBP/USD Daily Forecast - 29 June

Sterling continued its decline in the course of the yesterday’s session going all the way to 1.3050 area where it found some amount of support and managed to rebound slightly to a daily closing around 1.3070 level. As for tomorrow,…

AUD/USD Daily Forecast - 29 June

AUD/USD is making a minor recovery and testing the hid point of the .73 handle from lows of 0.7329 as the downtrend deteriorates a touch away from the support of the descending channel and yesterday's lows (lowest levels since Jan…

EUR/USD Daily Forecast - 28 June

The EURUSD is trading to new session lows and in the process is retesting the November 2017 swing low at 1.15526. That low was broken in May with a move to 1.1509. In June, the level was broken again with…

GBP/USD Daily Forecast - 28 June

GBP/USD is falling fast as it is about 10 pips away from the current 2018 low at 1.3102. A breakout below 1.3102 can lead to further losses towards 1.3027 October 6, 2017 swing low.

AUD/USD Daily Forecast - 28 June

Aussie fell in the course of the yesterday’s session going all the way to 0.7325 area by the end of the session where it found some amount of support and managed to rebound slightly to a daily closing around 0.7340…

EUR/USD Daily Forecast - 27 June

Euro fell in the course of the yesterday’s session going all the way to 1.1640 area around which it finished the session. Tomorrow, we would pay attention to US figures. Pair is likely to find support around 1.16 and 1.1580…

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