- Saturday, 10 February 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 12 February - 16 February
Aussie broke lower in the course of the last week, going all the way to 0.7750 handle, mostly due to mixed Australian figures and overall stregthening of the US dollar. However, pair managed to find some amount of support around 0.7750 area and rebounded by the end of the week to a closing above 0.78 handle. As for next week, we would be focused on Australian job figures as well as US CPI and Retail Sales data. Pair is likely to find support around 0.7750 and 0.77 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7850-0.7950 handle.
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- Saturday, 03 February 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 05 February - 09 February
Euro formed support around 1.2330 area in the course of the last week and was then pushed higher going all the way to 1.25 handle, however, it found some amount of resistance there and after better than forecasted US NFP figures pair pulled back to a weekly closing around 1.2450 area. As for next week, we expect focus on technical indicators as there will be no major data releases both from Eurozone and USA. Any type of supportive candles around 1.2350 and 1.23 area would be short-term buying signal, while resistive candles above 1.2550 and 1.26 level would be short-term selling opportunity.
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- Saturday, 03 February 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 05 February - 09 February
Sterling was initially pushed lower in the course of the last week, but found some amount of support around 1.40 handle and was then pushed higher going all the way to 1.4280 area which proved to be quite resistive and pair plunged again on Friday after NFP figures to a weekly closing slightly above 1.41 level. As for next week focus will be on BoE Inflation Report and interest rate decision. On a short-term basis, we believe that pair will find some amount of support around 1.40 and 1.3950 area initially next week, while area above 1.43 handle should offer some amount of resistance.
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- Saturday, 03 February 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 05 February - 09 February
Aussie spent last week in a decline, finding area above 0.81 handle to be too resistive, and after some mixed Australian figures pair pulled back going all the way to 0.7920 are by the end of the week, which is a clear sign of a bearish momentum. As for next week we would pay attention to Australian Retail Sales and Trade Balance figures. Pair is likely to find support around 0.7850 and 0.78 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.8050-0.81 handle.
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