- Saturday, 16 April 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 18 April – 22 April
Sterling was initially pushed lower in the course of the last week, but then managed to rebound all the way to 1.43 handle, where pair found significant amount resistance and pulled back to 1.42 handle by the end of the week. As for next week, we can expect that Sterling is continue to bounce in this general area, with focus of UK job figures. Pair is likely to find support around 1.41 handle, at least initially, and resistance above 1.4280 and 1.4330 level in extension, so these would be our short-term buying and selling points.
Read more...- Saturday, 16 April 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 18 April – 22 April
Aussie formed support around 0.75 handle during the last week, after being initially pushed lower, and from that point broke higher all the way to 0.77 handle, supported by better than forecasted Australian job figures. Next week should be less volatile with no major data releases both from Australia and USA. 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...- Friday, 08 April 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 11 April – 15 April
Euro went back and forth in the course of the last week, with a support around 1.1330 level and resistance above 1.1450 handle. There were no major data releases, so euro just tried to break higher, but struggled above 1.1430 level. With no major data releases from Eurozone next week we would pay attention to US figures. Pair should find some amount of support around 1.13 and 1.1250 handle in extension, while resistive candles near 1.15 handle should offer short-term selling opportunity. Read more...
- Friday, 08 April 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 11 April – 15 April
Sterling was initially pushed higher in the course of the last week, but then pulled back sharply all the way to 1.40 handle, where pair found significant amount of support and managed to rebound and broke above 1.41 handle by the end of the week despite weaker than expected UK Industrial Production figures. As for next week, we can expect that Sterling is continue to bounce in this general area, with focus of UK CPI figures and BoE interest rate decision. Pair is likely to find support around 1.40 handle, at least initially, and resistance above 1.4250 and 1.4330 level in extension, so these would be our short-term buying and selling points.
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