- Sunday, 01 January 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 02 January – 06 Janaury
Sterling was initially pushed lower in the course of the last week, but formed support around 1.22 handle and was then pushed higher going all the way to 1.2480 area, where it found some amount of resistance but pulled back only slightly finishing the week around 1.2350 level. Next week we would pay attention to UK PMI and US NFP figures. Any type of supportive candles around 1.2250 and 1.22 handle would be short-term buying signals, while resistive candles above 1.24 and 1.2450 area would be selling signals.
Read more...
- Sunday, 01 January 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 02 January – 06 Janaury
Aussie was traded in a tighter range in the course of the last week, with support around 0.7150 handle, from pair bounce out and went all the way to 0.7250 area where pair found some amount of resistance and pulled back to weekly closing around 0.72 handle. Next week, with no major data releases from Australia, we would be more focused on US NFP figures. We can expect some amount of support around 0.7150 and 0.71 handle and resistance above 0.7250 and 0.73 handle.
Read more...
- Sunday, 18 December 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 19 December – 23 December
Euro was initially pushed higher in the course of the last week going all the way to 1.0670 area, but there found significant amount of resistance and after Fed decision to hike interest rates and rather good US figures, pair pulled back all the way to 1.04 handle, multi-year low, where it found some amount of support and managed to finish the week around 1.0450 area. As for next week, as holidays are approaching we can expect a bit less volatility. Pair is likely to find some amount of support around 1.04 and 1.0350 handle in extension and resistance above 1.05 and 1.0580 area.
Read more...
- Sunday, 18 December 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 19 December – 23 December
Sterling tried to break more decisively above 1.27 handle in the course of the last week, but in the end found this area to be too resistive at the moment with pair pulling back all the way to 1.2370 where it found some amount of support, with pair rebounding by the end of the week all the way to 1.25 handle. Next week, with no major data releases and with holiday season approaching we can expect a bit less volatility. Any type of supportive candles around 1.24 and 1.2350 handle would be short-term buying signals, while resistive candles above 1.26 and 1.27 area would be selling signals.
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…