- Saturday, 28 May 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 30 May – 03 June
Euro was pushed lower in the course of the last week going all the way to 1.11 handle by the end of the week. Pair initially in the week found some amount of support around 1.1150 area and manage to rebound, but did not hold its gains above 1.12 handle. Focus of next week will be on ECB Press Conference. Any type of supportive candles around 1.10 handle would be short-term buying signal, while resistive candles above 1.12 handle would be selling signal.
Read more...- Saturday, 28 May 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 30 May – 03 June
Sterling was pushed higher in the course of the last week, going all the way 1.47 handle, being supported by hawkish BoE comments supporting In campaign in Brexit. However, this area proved to be too resistive at the moment, with pair pulling back to 1.46 handle by the end of the wee. Next week we would pay attention to UK PMI and US NFP figures. We believe that pair will find some amount of support around 1.45 handle, so this would be our short-term buying point and resistance above 1.4740 level so this is where we would consider selling the pair.
Read more...- Saturday, 28 May 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 30 May – 03 June
Aussie pulled back in the course of the last week going all the way to 0.7140 handle, continuing last week's decline. Dovish Governor Stevens comments also contributed to this decline. Pair found some amount of support around 0.7140 level and managed to rebound going all the way to 0.7250 handle, however it found significant amount of resistance in this area, and by the end of the week once again pulled back below 0.72 handle. Next week focus will be on Australian GDP figures and US NFP data. Pair is likely to find support around 0.7140 and 0.7080 handle in extension, while resistive candles above 0.7250 and 0.7280 handle would be short-term selling signal.
Read more...- Friday, 20 May 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 23 May – 27 May
After initial steadier beginning of the week, euro was pushed lower all the way to 1.12 handle due to more hawkish than expected FOMC Meeting Minutes. Pair found some amount of support around 1.1180 area, but did not manage to rebound by the end of the week. As for next week we can expect more volatility in the second part. Pair is likely to find support around 1.1150 area, at least initially, while resistance should be around 1.1280 and 1.1330 area, previous supportive points.
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