- Saturday, 12 November 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 14 November – 18 November
Euro was pushed lower in the course of the last week after US Presidential Election Results. Pair broke well below 1.10 handle after initially aiming higher and continued its downtrend all the way to 1.0850 area which is currently offering some amount of support. As for next week focus will be more on US figures. Pair is likely to find some amount of support around 1.08 and 1.07 handle in extension and resistance above 1.0930 and 1.10 area.
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- Saturday, 12 November 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 14 November – 18 November
Sterling formed support around 1.24 area in the course of the last week and was then pushed higher all the way to 1.2680 area where pair found some amount of resistance and pulled back by the end of the Friday's session with a closing slightly below 1.26 handle. Next week we would pay attention to UK CPI and job figures. Any type of supportive candles around 1.25 and 1.2450 handle would be short-term buying signals, while resistive candles above 1.2680 and 1.27 area would be selling signals.
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- Friday, 04 November 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 November – 11 November
Euro was pushed higher in the course of the last week, rebounding and breaking once again above 1.11 handle, though there were no major data releases from Eurozone during the week, with pair being supported by general weakness of US dollar. Focus of next week will be US Presidential Elections with that being a main market mover. Pair is likely to find some amount of support around 1.10 and 1.0950 handle in extension and resistance above 1.1150 and 1.12 area.
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- Friday, 04 November 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 07 November – 11 November
Sterling broke higher in the course of the last week going all the way to above 1.25 handle which was resistive for a long time. The pair was supported by High Court Rulling on Brexit and more hawkish that expected BoE stanzas. As for next week we would pay attention to UK Industrial Production figures and US Presidential Elections. 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 1.2650 area would be selling signals.
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