- Friday, 20 May 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 23 May – 27 May
Sterling found support around 1.4330 level in the course of the yesterday's session and then rallied all the way to 1.46 handle, but area around 1.4660 level proved to be too resistive at the moment, with pair pulling back to 1.45 handle by the end of the week. Uptrend was caused by rather good UK figures but more importantly by Brexit polls giving advantage to In campaign. 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 1.4630 level so this is where we would consider selling the pair.
Read more...- Friday, 20 May 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 23 May – 27 May
Aussie pulled back in the course of the last week going all the way to 0.72 handle, and even slightly below it at one moment. Pair was pushed lower mostly due to hawkish FOMC Meeting Minutes and despite incline after RBA Meeting Minutes that indicated that RBA is no rush to cut rates, pair did not manage to rally by the end of the week with 0.7250 level offering resistance. With no major data releases next week pair is likely to find support around 0.7150 and 0.71 handle in extension, while resistive candles above 0.7280 and 0.73 handle would be short-term selling signal.
Read more...- Friday, 13 May 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 16 May – 20 May
After initial steadier beginning of the week wit resistance above 1.1450 handle, euro pulled back in the second part of the week, due to better than forecasted US figures, going all the the way to 1.13 handle. With no major data releases next week we expect less volatility. Pair should find some amount of support around 1.1250 and 1.12 handle in extension, so these would be our short-term buying points, while area near 1.14 handle should offer significant amount of resistance. Read more...
- Friday, 13 May 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 16 May – 20 May
Sterling was initially pushed higher in the course of the last week, however, pair pulled back by the end of the week, going even below 1.44 handle, which was quite supportive during the week. Next week focus will be on UK CPI and job figures. Weaker than expected figures would push pair all the way to to 1.4250 handle, while better than forecasted data could cause a rebound back to 1.4450 handle as first major resistance. Read more...
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