- Sunday, 31 July 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 01 August – 05 August
Aussie was pushed lower initially in the course of the last week, but found support slightly above 0.74 handle and managed to rebound by the end of the week going all the way to 0.76 handle, with a weekly closing near weekly highs. Next week, markets will be focused on RBA interest rate decision as well as NFP figures. Pair is likely to find support around 0.75 and 0.7450 handle in extension, while resistive candles above 0.7680 and 0.77 handle would be short-term selling signal.
Read more...- Saturday, 23 July 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 25 July – 29 July
It was an overall steadier week for euro, with a downtrend prevailing. Pair initially in the week found significant amount of support around 1.10 and 1.0980 level and from there bounced out, but with resistance already at 1.1050 handle. However by the ending of the week pair pulled back and finished the week below 1.10 handle, which is of course quite bearish sign. Focus of the next week will be on GDP figures. Any type of supportive candles around 1.08 handle would be short-term buying signal, while resistive candles above 1.1080 handle and 1.11 level in extension would be selling signal.
Read more...- Saturday, 23 July 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 25 July – 29 July
Sterling went back and forth in the course of the last week, finding support around 1.3060 area and going as high as 1.33 handle, where it found significant amount of resistance. However, by the end of the week, due to weaker Retail Sales and PMI figures Sterling pulled back all the way to 1.31 handle. As for next week, we believe that focus will be on UK GDP with pair likely finding support around 1.30 handle and resistance above 1.3250 handle.
Read more...- Saturday, 23 July 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 25 July – 29 July
Aussie spent most of the last week in an downtrend after finding area around 0.76 handle to be too resistive at the moment with pair going all the way to 0.7450 level, however, this is where pair found significant amount of support and pair managed to stay above this area. Next week, markets will be focused on Australian CPI figures. Pair is likely to find support around 0.74 and 0.7350 handle in extension, while resistive candles above 0.7550 and 0.76 handle would be short-term selling signal.
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