- Friday, 10 June 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 13 June – 17 June
Aussie formed a support around 0.73 handle in the course of the last week and from there was pushed higher after more hawkish RBA stanzas. Pair tested 0.75 handle as a resistance, however, by the end of the week it pulled back, to 0.7360 area, offset by commodities prices. Next week focus will be on Fed's interest rate decision. 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, 03 June 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 06 June – 10 June
Euro was initially pushed lower in the course of the last week going all the way to 1.11 handle, however, found support slightly below it and managed to rebound by the end of the week going all the way to 1.1350 level due to weaker than expected US NFP figures.There will be no major data releases next week so we can expect a bit steadier week. Any type of supportive candles around 1.1250 handle would be short-term buying signal, while resistive candles above 1.1450 handle would be selling signal.
Read more...- Friday, 03 June 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 06 June – 10 June
Sterling was initially pushed higher in the course of the last week, going all the way 1.47 handle, however, this area proved to be too resistive at the moment, with pair pulling back to 1.44 handle. However, weaker than expected US NFP figures pushed pair back higher with a resistance around 1.4580 level. Next week we believe that pair will find some amount of support around 1.44 handle, so this would be our short-term buying point and resistance above 1.46 level so this is where we would consider selling the pair.
Read more...- Friday, 03 June 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 06 June – 10 June
Aussie pulled back in the course of the last week going all the way to 0.7180 handle however it found significant amount of support in this area, and by the end of the week managed to rebound completely going all the way to 0.7350 handle. Contributing to this incline were better than forecasted Australian GDP figures and weaker than expected US NFP figures. Next week focus will be on RBA interest rate decision. Pair is likely to find support around 0.73 and 0.7250 handle in extension, while resistive candles above 0.7430 and 0.7460 handle would be short-term selling signal.
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