- Friday, 25 March 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 28 March – 01 April
Euro spent last week in a decline going all the way to 1.1150 handle where pair managed to found some amount of support. Though there were no major data releases, euro was put under pressure after Brussels attacks, and also dovish Fed stanzas impact started to fade out. Next week we can expect more volatility in the second part of the week with US NFP figures being released. We believe that we can expect some amount of support around 1.11 handle initially and 1.1050 handle in extension. On the other hand, resistive candles above 1.1250 handle would offer short-term selling opportunity.
Read more...- Friday, 25 March 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 28 March – 01 April
After it initially failed to break above 1.45 handle, Sterling was pushed much lower in the course of the last week, all the way to 1.4050 handle, where it found some amount of support, and managed to rebound slightly after better than forecasted Retail Sales figures. Decline is mostly caused by Brexit concerns and weaker than expected CPI data. We can expect less volatility next week, with no major data releases from the UK, but we would pay attention to US NFP figures. Weaker than expected figures would push pair to 1.4250 and 1.43 handle in extension. On the other hand, better than forecasted figures would cause a break below 1.4050 handle, though we can expect significant amount of support all the way to 1.40 handle.
Read more...- Friday, 25 March 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 28 March – 01 April
Aussie tried to break higher initially last week, but failed to go above 0.7650 area, and then pulled back all the way below 0.75 handle. However, by the week's end pair managed to rebound and broke once again above 0.75 handle. With no major data releases pair was mostly influenced by gold prices, which also fell but then formed strong support. As for next week, we expect a bit steadier beginning of the week with the focus on US NFP figures, so pair is likely to find support around 0.74 handle, as this was major restive barrier in the past, and resistance near 0.7650 handle so this is where we would place short-term selling bids.
Read more...- Friday, 18 March 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 21 March – 25 March
Euro was pushed higher in the course of the last week mostly due to more dovish Fed stanzas then it was expected. Pair even broke above 1.13 handle, but this area proved to be too resistive for the pair at the moment, and by the end of the week pair pulled back to below 1.13 handle. Next week, should be less volatile, so we believe that we can expect some amount of support around 1.12 handle initially and 1.11 handle in extension. On the other hand, resistive candles above 1.1350 handle would offer short-term selling opportunity. Read more...
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