- Saturday, 13 August 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 15 August – 19 August
Euro was pushed higher initially last week, though there were no major data releases, going all the way above 1.12 area, but did not manage to go higher than 1.1220 area and pulled back slightly to 1.1160 level by the end of the week. Next week is likely to be another less volatile one as there are no major data releases. 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.
Read more...- Saturday, 13 August 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 15 August – 19 August
Sterling spent last week in a decline, though there were no major data releases, and broke below major psychological support level at 1.30 handle, and went all the way to 1.29 handle, which could easily be broke in the course of the next week, when we would pay attention to UK CPI and Retail Sales figures. Pair is likely to find support around 1.28 and 1.2750 handle and resistance above 1.30 handle.
Read more...- Saturday, 13 August 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 15 August – 19 August
Aussie found support around 0.76 level in the course of the last week and was pushed higher, well above 0.77 handle, indicating that there is certain amount of bullish pressure in the pair at the moment. However, by the end of the week pair pulled back finding area around 0.7750 handle to be too resistive at the moment, however managed to remain above 0.7640 area. Next week, we would be more focused on Australian job figures. Pair is likely to find support around 0.76 and 0.7550 handle in extension, while resistive candles above 0.7750 and 0.78 handle would be short-term selling signal.
Read more...- Sunday, 07 August 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 08 August – 12 August
Euro was pushed higher initially last week, going all the way above 1.12 area, but did not manage to go higher than 1.1260 area and after optimistic US job figures pair pulled back going back to 1.10 handle which continues to offer some amount of support. Next week is likely to be less volatile as there are no major data releases until Friday. Any type of supportive candles around 1.0980 handle would be short-term buying signal, while resistive candles above 1.1150 handle and 1.12 level in extension would be selling signal.
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