- Friday, 22 April 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 25 April – 29 April
Euro went back and forth in the course of the last week, with traders being cautious ahead of ECB Meeting. Pair was initially pushed higher, but found area near 1.14 handle to be too resistive at the moment and pulled back after ECB Press Conference, with a weekly closing around 1.1220 area. Focus of the next week will be on FOMC Meeting. Pair should find some amount of support around 1.1180 and 1.11 handle in extension, while resistive candles near 1.1250 handle should offer short-term selling opportunity.
Read more...- Friday, 22 April 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 25 April – 29 April
Sterling was pushed higher in the course of the last week, mostly supported with the news that Remain campaign in Brexit referendum.Pair broke above 1.44 handle and managed to finish the week above it, which is of course a bullish sign, but we still expect significant amount of resistance all the way to 1.45 handle. As for next week focus will be on UK GDP figures and FOMC Meeting. Pair is likely to find support around 1.43 handle, at least initially, and resistance above 1.4480 and 1.45 level in extension, so these would be our short-term buying and selling points.
Read more...- Friday, 22 April 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 25 April – 29 April
After it made few attempts to break decisively above 0.78 handle, Aussie pulled back in the course of the last week as 0.7830 level proved to be too resistive at the moment, with pair going all the way to 0.77 handle by the end of the week. As for next week we would pay attention to Australian CPI figures and FOMC Meeting. We believe that area near 0.78 handle should offer significant amount of resistance, while 0.76 handle should be supportive, so this is where we would place our short-term buying and selling bids.
Read more...- Saturday, 16 April 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 18 April – 22 April
Euro was pushed higher initially last week, but found area around 1.1450 handle to offer significant amount of resistance, and pulled back by the end of the week, even below 1.13 area, with some amount of support around 1.1250 level. Focus of the next week will be on ECB Meeting. Pair should find some amount of support around 1.12 and 1.1170 handle in extension, while resistive candles near 1.1370 handle should offer short-term selling opportunity.
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