- Friday, 08 April 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 11 April – 15 April
Aussie formed support around 0.75 handle during the last week, after being initially pushed lower, and from that point tried to break higher, but 0.7630 level continued to offer resistance through the whole week. As for next week focus will be on China's GDP figures as well as Australian job data. Weaker than expected data would push pair back to 0.7450 handle, where we can expect some amount of support, while better than forecasted figures would probably lead to break above recent highs at 0.77 handle.
Read more...- Friday, 01 April 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 04 April – 08 April
Euro was pushed higher in the course of the last week, breaking even above 1.14 handle, mostly due to dovish Janet Yellen's comment regarding future monetary policy steps. Even better than forecasted NFP figures did not help USD in any larger rebound. However, area above 1.14 handle still offers some amount of resistance for euro and we can expect this all the way to 1.15 handle, which is of course round and psychologically important level. With no major data releases next week we expect a bit steadier session in which 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, 01 April 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 04 April – 08 April
After it was initially pushed higher in the course of the last week, Sterling found area above 1.4450 handle to be to resistive at the moment, and with Brexit concerns and better than forecasted US NFP figures pair started to pulling back all the way to 1.42 handle and even below it at one moment during the Friday's trade. As for next week, we can expect that Sterling is continue to bounce in this general area, with 1.40 handle as a support and 1.45 handle as a ceiling for the pair. Pair is likely to find support around 1.41 handle, at least initially, and resistance above 1.43 and 1.4350 level in extension, so these would be our short-term buying and selling points.
Read more...- Friday, 01 April 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 04 April – 08 April
Aussie formed support around 0.75 handle during the last week, and from that point bounced higher, especially after dovish Janet Yellen's remarks concerning rate hike, with pair going as high as 0.7750 handle. However, by the week's end, 0.77 handle proved to be too resistive for the pair at the moment, which pulled back to 0.7650 area. As for next week focus will on RBA interest rate decision and Australian figure sin general. Weaker than expected data would push pair back to 0.75 handle, where we can expect some amount of support, while better than forecasted figures would probably lead to break above recent highs at 0.7750 handle.
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