- Saturday, 01 April 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 03 April – 07 April
Euro was initially pushed higher in the course of the last week, going all the way to 1.09 handle at one moment, but in the second part of the week, US dollar managed to find some amount of support, and euro sharply pulled back, finishing the week around 1.0650 level. As for next week, focus will be on NFP figures. Any type of supportive candles around 1.05 area would be short-term buying signal, while resistive candles above 1.0750 and 1.08 level would be short-term selling opportunity.
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- Saturday, 01 April 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 03 April – 07 April
Sterling was initially pushed higher in the course of the last week, but pulled back on Wednesday with Theresa May's triggering of Article 50, with pair founding some amount of support around 1.2380 area and rebounding by the weekly closing all the way to 1.2550 area, which is at the moment positive sign, give the political unstability in the UK. Next week, we would be focused on UK PMI and Industrial Production figures. On a short-term basis, we believe that pair will find some amount of support around 1.24 and 1.2350 area initially next week, while area above 1.2650 handle should offer some amount of resistance
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- Saturday, 01 April 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 03 April – 07 April
Since there were no major data releases from Australia, in the course of the last week, pair had overall steadier week, with support around 0.7580 area and resistance above 0.7680 level. Pair in the end finished the week slightly above 0.7620 area. However, we can expect more volatility next week, with RBA rate decision, Retail Sales and Trade Balance 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 0.77 handle.
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- Saturday, 25 March 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 27 March – 31 March
Euro was pushed higher in the course of the last week, going all the way to 1.08 handle, which is a major resistive point at the moment. Rest of the week pair spent testing this area as resistance but was not able to break decisively above it. Next week, we believe that geo-political events could be of more impact on the markets. Any type of supportive candles around 1.07 area would be short-term buying signal, while resistive candles above 1.0850 and 1.09 level would be short-term selling opportunity.
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