- Sunday, 16 April 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 17 April – 21 April
Aussie formed support around 0.7480 area in the initial part of the last week and was then pushed higher going all the way to 0.7580 area, being supported by rather good Australian job figures. As for next week, with no major data releass we can expect a steadier week. Pair is likely to find support around 0.7530 and 0.7480 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7670 handle.
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- Sunday, 09 April 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 10 April – 14 April
Euro spent initial steadier begining of the week, testing 1.07 handle and with support around 1.0630 level, but was pushed lower at the very week ending, due to somewhat better than forecasted NFP figures but more importantly due to geopolitical concerns in Syria. With Easter holidays coming we can expect a bit steadier next week. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.06700 and 1.07 level would be short-term selling opportunity.
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- Sunday, 09 April 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 10 April – 14 April
Sterling was initially pushed higher in the course of the last week, going even above 1.25 handle at one moment, but then pulled back in the second part of the week going even below 1.24 handle, and closing the session around 1.2370 area which is of course a bearish signal. As for next week we would pay attention to UK CPI and job figures. On a short-term basis, we believe that pair will find some amount of support around 1.23 and 1.2250 area initially next week, while area above 1.26 handle should offer some amount of resistance.
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- Sunday, 09 April 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 10 April – 14 April
Aussie spent most of the last week in a decline, finishing the week around 0.75 handle. Aussie was mostly influenced by geopolitical news that tend to have high impact on commodity prices and with that on Aussie as well. Next week, we would pay attention to Australian job figures and of course US data as well as commodity prices. Pair is likely to find support around 0.74 and 0.7440 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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