- Friday, 04 November 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 07 November – 11 November
Aussie found support around 0.76 handle in the course of the last week and went all the way to 0.77 handle, but this area is still too resistive at the moment. Aussie was supported by rather good Australian Trade Balance and Retail Sales figures. Next week, focus will be on US Presidential Elections and we expect a lot of volatility during the initial part of the week. We can expect some amount of support around 0.76 and 0.7550 handle and resistance above 0.7750 and 0.78 handle.
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- Sunday, 16 October 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 17 October – 21 October
Euro continued its decline in the course of the last week as well, breaking below 1.10 handle, which was a major psychological support for a long time, which is of course a negative sign. Focus of the next week will be on ECB interest rate decision and the following press conference. Pair is likely to find some amount of support around 1.09 and 1.0850 handle in extension and resistance above 1.1050 and 1.1130 area.
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- Sunday, 16 October 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 17 October – 21 October
Sterling spent first part of the last week in a downtrend going all the way to 1.21 handle, where it found some amount of support and managed to rebound, however, area around 1.23 handle for now offers plenty of resistance. Pair is still being influenced by all the concerns regarding Brexit. As for next week, focus will be on CPI and job figures. Any type of supportive candles around 1.21 and 1.20 handle would be short-term buying signals, while resistive candles above 1.23 and 1.2350 area would be selling signals.
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- Sunday, 16 October 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 17 October – 21 October
After it was initially pushed lower in the course of the last week, Aussie found enough support around 0.75 handle and managed to rebound by the end of the week once again breaking above 0.76 handle, which indicates that there is no clear trend for the pair at the moment. As for next week focus will more be on China's GDP figures. We can expect some amount of support around 0.75 and 0.7450 handle and resistance above 0.7650 and 0.77 handle.
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