- Saturday, 21 January 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 23 January – 27 Janaury
Euro formed support around 1.0580 level in the course of the last week and was then pushed all the way to 1.07 handle. However, this area proved to be too resistive for the pair which pulled back but supported by Donald Trump's inauguration speech once again managed to rebound and finish the week around 1.07 area. As for next week, we expect a little less volatility as there are no big data releases. Pair is likely to find some amount of support around 1.0580 and 1.05 handle in extension and resistance above 1.0750 and 1.08 area.
Read more...
- Saturday, 21 January 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 23 January – 27 Janaury
Sterling was initially pushed lower in the course of the last week, gapping all the way to below 1.20 handle at the week's opening but managed to rebound quite soon supported by Theresa May's Brexit speech. Pair went all the way to 1.24 handle which proved to be too resistive at the moment with pair pulling back to 1.2250 area, but by the end of the week once again bouncing out for a weekly closing around 1.2370 area. Next week focus will be on EU Membership Court Ruling. Any type of supportive candles around 1.2250 and 1.22 handle would be short-term buying signals, while resistive candles above 1.25 and 1.2550 area would be selling signals.
Read more...
- Saturday, 21 January 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 23 January – 27 Janaury
Aussie was pushed higher in the course of the last week after it initially formed support around 0.7450 area. However, pair was not able to break above 0.76 handle, which is next major resistive area. Pair was mostly supported by rather good Australian job figures but even more with overall weakening of the USD. As for next week we would pay attention to Australian CPI figures. We can expect some amount of support around 0.75 and 0.7450 handle and resistance above 0.7630 and 0.7680 handle.
Read more...
- Sunday, 01 January 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 02 January – 06 Janaury
Euro was initially pushed lower in the course of the last week but found support around 1.0370 area and managed to rebound by the end end of the week even breaking above 1.06 handle in the course of the Friday's session but there found significant amount of resistance and pulling back all the way to 1.05 handle to the weekly closing. As for next week, though we can expect more data release, we can anticipated that holiday season will extend for a one more week. Pair is likely to find some amount of support around 1.0430 and 1.04 handle in extension and resistance above 1.06 and 1.0650 area.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…