- Saturday, 25 March 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 27 March – 31 March
Sterling formed support around 1.2330 level in the course of the last week, and was then pushed decisively up going all the way to above 1.25 handle, where it found some amount of resistance and then pulled back slightly by the weekly closing which was around 1.2470 level. Next week, we expect overall steadier session, with focus on triggering of Article 50 which has been announced. 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 1.26 handle should offer some amount of resistance.
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- Saturday, 25 March 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 27 March – 31 March
Aussie was initially pushed higher in the course of the last week, but found resistance above 0.7750 handle, and then pulled back gradually in the course of the rest week, going all the way to 0.76 handle, which offered some amount of support. Next week, with no major data releases from Australia we would pay attention to commodity prices. 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 0.7750 handle.
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- Friday, 10 March 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 13 March – 17 March
After initial steadier beginning of the week, in which euro was pushed somewhat lower, pair found some amount of support around 1.0520 level and was then pushed higher, breaking well above 1.06 handle in the course of the Friday's session. Next week we expect more volatility with FOMC interest rate decision. Any type of supportive candles around 1.06 area would be short-term buying signal, while resistive candles above 1.0750 level would be short-term selling opportunity.
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- Friday, 10 March 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 13 March – 17 March
Sterling spent yesterday's session in decline going all the way to below 1.22 handle, below which it finished the week. UK budget release stands behind this decline as well as Brexit uncertainties. Next week we would pay attention to BoE interest rate decision and FOMC rate decision and the following press conference. On a short-term basis, we believe that pair will find some amount of support around 1.21 and 1.20 area initially next week, while area above 1.23 handle should offer some amount of resistance.
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