- Sunday, 04 December 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 05 December – 09 December
It was a bit steadier week for euro, which was consolidating a bit after recent huge decline, being t traded between 1.0560 area as a bottom and 1.0680 level as a resistance. Next week we would pay attention to ECB interest rate decision. It seems that pair is currently rebounding at the moment, but major support at 1.07 and 1.08 handle could be quiet struggle at the moment. Pair is likely to find some amount of support around 1.0580 and 1.0550 handle in extension and resistance above 1.0750 and 1.08 area.
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- Sunday, 04 December 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 05 December – 09 December
Sterling formed support around 1.54 area in the course of the last week and was then pushed higher all the way to 1.27, with a weekly closing near weekly highs which is of course positive sign. Pair was pushed higher supported by rather good UK data and after comments from Eurogroup head Dijsselbloem that the EU might be able to find a way for the UK to maintain single-market access following an EU exit. Next week we would pay attention to UK Industrial Production figures. Any type of supportive candles around 1.26 and 1.2550 handle would be short-term buying signals, while resistive candles above 1.2780 and 1.28 area would be selling signals.
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- Sunday, 04 December 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 05 December – 09 December
Aussie pulled back in the course of the last week going all the way to 0.7360 area where it found some amount of support and managed to rebound slightly with a weekly closing above 0.7450 area. Pair has plenty of support all the way to 0.73 handle. Next week focus will be on RBA interest rate decision and Australian GDP figures. 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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- Saturday, 12 November 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 14 November – 18 November
After it initially reached all the way to 0.7780 area, Aussie sharply pulled back after the US Presidential Elections results going all the way below 0.7550 area by the end of the week though remaining above 0.75 handle that should offer some amount of support at the moment. Next week, we would pay attention to Australian job figures. We can expect some amount of support around 0.74 and 0.7550 handle and resistance above 0.76 and 0.7650 handle.
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