- Friday, 07 October 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 10 October – 14 October
Euro spent last week in a decline, breaking below 1.12 handle and going all the way to 1.11 area in the course of the Friday's session but this is where the pair found some amount of support and managed to rebound for a weekly closing near 1.12 handle. As for next week, without any major data releases until Friday, we can expect steadier beginning of the week. Pair is likely to find some amount of support around 1.11 and 1.1050 handle in extension and resistance above 1.1250 and 1.13 area.
Read more...- Friday, 07 October 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 10 October – 14 October
Sterling sharply pulled back in the course of the last week. Main reason for a decline was UK PM statement regarding Brexit. Furthermore, in early Friday trade Sterling fell over 700 points in still unexplained move. Pair managed to regain some ground by the weekly closing but remained below 1.25 handle. It seems that pair is in a downtrend and despite the fact that there are no major data releases from the UK next week, we expect for pair to extend losses. Any type of supportive candles around 1.2350 and 1.22 handle would be short-term buying signals, while resistive candles above 1.25 and 1.2570 area would be selling signals.
Read more...- Friday, 07 October 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 10 October – 14 October
After Aussie initially tested 0.77 handle in the the course of the last week, it pulled back unable to break above it and went all the way to 0.7550 handle where it found some amount of support but still finished the week below 0.76 handle. As for next week focus will more be on China's figures. We can expect some amount of support around 0.75 and 0.7450 handle and resistance above 0.7650 and 0.77 handle, last week's high.
Read more...- Sunday, 04 September 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 05 September – 09 September
Euro spent most of the last week in a decline after it did not manage to break decisively above 1.12 handle, but found support around 1.1120 area and was pushed higher during the Friday's session, but by the end of it once again pulled back finishing the week around 1.1150 area. As for next week, focus will be on ECB Meeting. Any type of supportive candles around 1.1050 handle would be short-term buying signal, while resistive candles above 1.12 handle and 1.1250 level in extension would be selling signal.
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