- Friday, 21 April 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 24 April – 28 April
Sterling broke higher in the course of the last week, going all the way above 1.29 handle in one moment, but by the end of the week pair pulled back finishing it around 1.28 area. Pair was mostly supported by Theresa May's announcement on snap elections in the UK. Next week we would be more focused on UK and US GDP figures. On a short-term basis, we believe that pair will find some amount of support around 1.2750 and 1.27 area initially next week, while area above 1.29 handle should offer some amount of resistance.
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- Friday, 21 April 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 24 April – 28 April
Aussie was initially pushed higher in the course of the last week, but found resistance above 0.76 handle, and then pulled back all the way to 0.75 area, where pair found some amount of support and managed to rebound by the end of the week. Next week we would pay attention to Australian CPI figures. Pair is likely to find support around 0.75 and 0.7450 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7630 handle.
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- Sunday, 16 April 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 17 April – 21 April
Euro was initially pushed higher in the course of the last week, but found resistance above 1.0670 area and then pulled back by the end of the week in order to finish it slightly above 1.06 handle. Next week should be a steadier one, especially the first part o fit. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.0670 and 1.07 level would be short-term selling opportunity.
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- Sunday, 16 April 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 17 April – 21 April
Sterling managed to rebound in the course of the last week, being supported by UK job and CPI figures. By the end of the week pair managed to break and have weekly closing above 1.25 handle. As for next week, we would pay some attention to Retail Sales and US figures. On a short-term basis, we believe that pair will find some amount of support around 1.2450 and 1.24 area initially next week, while area above 1.2650 handle should offer some amount of resistance.
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