- Friday, 17 June 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 20 June – 24 June
Sterling was pushed lower initially in the week going all the way to 1.40 handle, but then managed to rebound by the end of the week coming near 1.44 handle. However, the only certain thing at the moment is that we can expect a lot of volatility, with focus on EU referendum. We believe that pair will find some amount of support around 1.42 handle, so this would be our short-term buying point and resistance above 1.45 level so this is where we would consider selling the pair.
Read more...- Friday, 17 June 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 20 June – 24 June
Aussie spent most of the last week testing 0.74 handle as a resistance, with a support being formed around 0.73 handle. Pair even finished the week around 0.74 area, so we believe that it has potential to go higher, though we expect plenty of resistance all the way to 0.75 handle. There will be no major data releases next week so we expect focus to be on global concerns 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, 10 June 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 13 June – 17 June
Euro was initially pushed higher in the course of the last week, but found area around 1.14 handle to be too resistive at the moment and by the end of the week pulled back to 1.1250 level. It was an overall a steadier week, with decline being caused by bad Brexit news. As for next week, we would be focused on US figures and Fed's interests rata decision. Any type of supportive candles around 1.12 handle would be short-term buying signal, while resistive candles above 1.1350 handle would be selling signal.
Read more...- Friday, 10 June 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 13 June – 17 June
Sterling was initially pushed higher in the course of the last week, going all the way 1.4640 handle, however, this area proved to be too resistive at the moment, with pair pulling back to 1.4260 handle, being offset by Brexit polls. Next week, we can expect plenty of volatility with BoE's and FED's interest rate decision, but with focus on any news regarding the Brexit. We believe that pair will find some amount of support around 1.42 handle, so this would be our short-term buying point and resistance above 1.4350 level so this is where we would consider selling the pair.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…