- Friday, 16 February 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 19 February - 23 February
Sterling formed support around 1.38 handle in the course of the last week and was then pushed higher going all the way to 1.4150 area, though there were no major data releases from the UK, so pair was mostly supported by weaker than expected US figures. However, by the end of the week pair pulled back due to weaker than expected UK Retail Sales figures, with pair finishing the week around 1.40 handle. As for next week, we would pay attention to UK job figures. On a short-term basis, we believe that pair will find some amount of support around 1.39 and 1.3850 area initially next week, while area above 1.4150 handle should offer some amount of resistance.
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- Friday, 16 February 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 19 February - 23 February
Aussie was pushed higher in the course of the last week, going all the way near 0.80 handle, being supported by rather good Australian job figures as well as mixed US reports. However, pair found plenty of resistance near 0.80 area and pulled back in order to close the week slightly above 0.79 handle. As for next week, focus will be more on US figures. Pair is likely to find support around 0.78 and 0.7780 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.80-0.8050 handle.
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- Saturday, 10 February 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 12 February - 16 February
Euro spent last week in a decline going all the way to 1.22 handle where it found some amount of support, but managed to rebound only slightly by the end of the week to 1.2250 area. Decline was mostly caused by overall strengthening of US dollar. As for next week we would pay more attention to US CPI and Retail Sales figures. Any type of supportive candles around 1.22 and 1.2150 area would be short-term buying signal, while resistive candles above 1.2350 and 1.24 level would be short-term selling opportunity.
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- Saturday, 10 February 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 12 February - 16 February
Sterling fell in the course of the last week, going below 1.38 handle, but found some amount of support around 1.3760 area, and managed to rebound in order to finish the week around 1.3820 level. Despite hawkish BoE's stanzas which pushed pair above 1.40 handle on Thursday it quickly pulled back which is a sign of bearishness in the pair. As for next week focus will be on UK CPI figures as well as US reports. On a short-term basis, we believe that pair will find some amount of support around 1.37 and 1.3650 area initially next week, while area above 1.3950 handle should offer some amount of resistance.
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