- Saturday, 25 June 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 27 June – 01 July
Euro was initially pushed higher in the course of the last week as latest British polls were showing advantage for Remain side. However, after referendum results showed victory of Leave side, euro was pushed lower from the highs above 1.14 handle, all the way to 1.09 handle, where it found some amount of support and managed to rebound by the end of the week finishing it above 1.11 handle. Since there will be no major data releases next week focus will remain on Brexit results. Any type of supportive candles around 1.09 handle would be short-term buying signal, while resistive candles above 1.1250 handle and 1.13 level in extension would be selling signal.
Read more...- Saturday, 25 June 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 27 June – 01 July
Sterling was initially pushed higher in the course of the last week, all the way to above 1.49 handle as it was expected that Remain side will win in Brexit referendum. However, after Leave side victory, Sterling tumbled to the lowest level since 1985, finding support around 1.30 handle, and then rebounding by the end of the week to a closing above 1.36 handle. As for next week, Brexit will remain the key topic with pair likely finding support around 1.33 handle and resistance above 1.38 handle.
Read more...- Saturday, 25 June 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 27 June – 01 July
Aussie spent most of the last week in an incline breaking above 0.76 handle, however it was pushed lower after British EU Membership results all the way to 0.73 handle, where it found some amount of support and managed to rebound by the weekly closing to 0.7470 area. There will be no major data releases next week so we expect focus to be on global concerns, particularly Brexit and commodity prices. Pair is likely to find support around 0.73 and 0.7250 handle in extension, while resistive candles above 0.7450 and 0.75 handle would be short-term selling signal.
Read more...- Friday, 17 June 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 20 June – 24 June
Euro was initially pushed lower in the course of the last week, going all the way to 1.1130 area, however after FOMC statement it managed to rebound and by the end of the week broke higher, though 1.13 handle still seems to be too resistive for the pair. Focus of the next week will be on British EU referendum which will of course have great impact on euro. Any type of supportive candles around 1.12 handle would be short-term buying signal, while resistive candles above 1.1350 handle and 1.1380 level in extension would be selling signal.
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