- Friday, 26 August 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 29 August – 02 September
Aussie did not manage to break above 0.7670 area in the course of the last week, and spent most of it pulling back, but 0.76 handle proved to be massively supportive, with pair rebounding from it every time. Next week, we would pay attention to China's PMI and US job figures and we expect much more volatility as last week was an overall a steadier one. We expect support around 0.7550 and 0.75 handle in extension, while resistive candles above 0.7650 and 0.77 handle would be short-term selling signal.
Read more...- Sunday, 21 August 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 22 August – 26 August
Euro was pushed higher last week, mostly due to dovish FOMC Meeting Minutes, with pair breaking all the way to 1.13 handle, but finding some amount of resistance above 1.1360 area, and pulling back slightly by the end of the week. Next week is likely to be a less volatile one as there are no major data releases. Any type of supportive candles around 1.1250 handle would be short-term buying signal, while resistive candles above 1.1370 handle and 1.14 level in extension would be selling signal.
Read more...- Sunday, 21 August 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 22 August – 26 August
Sterling found support below 1.29 handle initially last week, and was then pushed decisively up all the way to near 1.32 handle supported by rather good UK figures and dovish FOMC Meeting Minutes. However, by the end of the week, area above 1.3150 handle became to resistive for the pair which closed the week below 1.31 handle. As for next week, as there will be no major data releases, pair is likely to find support around 1.30 and 1.2950 handle and resistance above 1.3150 handle.
Read more...- Sunday, 21 August 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 22 August – 26 August
Aussie went back and forth in the course of the last week, with resistance above 0.77 handle and support around 0.76 handle. However, by the end of the week, pair was pushed a bit lower, though it finished it above 0.76 handle, which is a major support at the moment. Next week, with no major data releases, pair is likely to find support around 0.76 and 0.7550 handle in extension, while resistive candles above 0.77 and 0.7750 handle would be short-term selling signal.
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