- Sunday, 18 December 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 19 December – 23 December
Aussie initially tried to break decisively above 0.75 handle in the course of the last week, but failed and in the second part of the week after Fed's decision to raise interest rates broke all the way to 0.73 handle where it in the end finished the week. In that way pair broke below major support at 0.74 handle which is of course a bearish sign. As for next week, with no major data releases we expect a bit less volatility. We can expect some amount of support around 0.72 and 0.7160 handle and resistance above 0.74 and 0.7450 handle.
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- Saturday, 10 December 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 12 December – 16 December
Euro initially pulled back in the course of the last week, going all the way to 1.05 handle, but then rebounded and went all the way above 1.08 handle ahead of ECB, but after dovish ECB stanzas pair pulled back finishing the session around 1.0550 handle. As for next week focus will be on FOM rate decision. Pair is likely to find some amount of support around 1.05 and 1.0450 handle in extension and resistance above 1.0650 and 1.07 area.
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- Saturday, 10 December 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 12 December – 16 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 1.2550 handle by the end of the week, where pair found some amount of support and managed to rebound slightly by the weekly closing. As for next week focus will be on UK CPI and job figures as well as Fed interest rate decision. Any type of supportive candles around 1.25 and 1.2450 handle would be short-term buying signals, while resistive candles above 1.27 and 1.2750 area would be selling signals.
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- Saturday, 10 December 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 12 December – 16 December
Aussie formed support around 0.74 handle in the course of the last week and spent most o fit testing 0.75 handle as a resistance, which it did not manage to break and finished the week around 0.7450 area. Pair is quite stable despite rather week GDP figures. As for next week we would pay attention to Australian job figures, US data and FOMC Meeting. We can expect some amount of support around 0.74 and 0.7360 handle and resistance above 0.75 and 0.7550 handle.
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