- Friday, 10 March 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 13 March – 17 March
Aussie pulled back in the course of the last week, going even below 0.75 handle in one moment, but found support around 0.7480 level and managed to rebound slightly in order to finish the week above 0.75 area, however momentum seems to be bearish at the moment. Next week we would more be focused on FOMC and US figures. Pair is likely to find support around 0.7450 and 0.74 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, 05 February 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 06 February – 10 February
Euro was pushed higher in the course of the last week, going all the way to 1.08 handle, after it formed support around 1.06 area. Pair was mostly supported by rather good Eurozone CPI figures. However, 1.08 area proved to be too resistive for the pair at the moment with pair pulling back slightly but still finishing the week near 1.08 area. As for next week, without major data releases pair is likely to continue to struggle with 1.08 handle. Any type of supportive candles around 1.07 area would be short-term buying signal, while resistive candles above 1.0850 level would be short-term selling opportunity.
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- Sunday, 05 February 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 06 February – 10 February
Sterling formed support around 1.24 handle in the course of the last week and was then pushed decisively up all the way to 1.27 area, but then pulled back after BoE's Inflation Report and rate decision going back to below 1.25 area, with support being formed around 1.2450 level by the end of the week. This is just another sign how volatile this pair is at the moment, and with Parliament Vote on EU Membership coming soon we would be very careful with placing any long-term bids and believe it is best to stay on the sidelines.
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- Sunday, 05 February 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 06 February – 10 February
Aussie spent last week in an uptrend going all the way to near 0.77 handle where it found some amount of resistance and pulled back slightly but finished the week around 0.7680 area, which is of course a positive sign. Pair was mostly supported by rather good Trade Balance figures. As for next week, we would be focused on RBA interest rate decision. Pair is likely to find support around 0.76 and 0.7550 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.78 handle in a case we break above 0.77 area.
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