- Friday, 18 March 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 21 March – 25 March
Sterling was pushed higher in the course of the last week, testing 1.45 handle as a resistance, and pulling back slightly from it by the week's end. Incline is a result of dovish Fed's stanzas and more hawkish BoE's Meeting Minutes. As for next week, we would pay attention to UK CPI figures. Weaker than expected figures would push pair to 1.44 and 1.4350 handle in extension. On the other hand, better than forecasted figures would cause a break above 1.45 handle, though we can expect significant amount of resistance all the way to 1.46 handle. Read more...
- Friday, 18 March 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 21 March – 25 March
Aussie managed to break above 0.76 handle in the course of the last week, however pulled back by the end of the week, as this area still offers significant amount of resistance. Uptrend was cause by more hawkish RBA Meeting Minutes and fall in Australian Unemployment Rate as well as dovish FOMC stanzas. As for next week, we expect a bit consolidation after this huge incline, so pair is likely to find support around 0.75 handle, as this was major restive barrier in the past, and resistance near 0.77 handle so this is where we would place short-term selling bids.
Read more...- Friday, 11 March 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 14 March – 18 March
After initial steadier beginning of the week, with resistance at 1.1050 handle and support around 1.09 handle euro was pushed higher in the course of the session on Thursday, first testing bottom at 1.08 handle, but then shooting out all the way to 1.12 handle where it found significant amount of resistance and pulled back. However, this incline despite new ECB monetary measures is a bullish sign, though next week traders will be cautious with very busy data week in the USA with focus on FOMC Meeting. Pair is likely to find support around 1.10 handle, and resistance above 1.1250 area, at least initially in the week, so these would be our short-term buying and selling points.
Read more...- Friday, 11 March 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 14 March – 18 March
Sterling went back and forth in the course of the last week, with support around 1.41 handle and resistance above 1.43 area, but then broke higher on Friday, all the way to 1.44 handle. Pair was initially pushed lower, but followed euro move and after ECB and broke above resistance at 1.43 handle. Next week we would pay attention to UK job figures and BoE Meeting Minutes as well as Fed interest rate decision. Weaker than expected figures are likely to push pair all the way to 1.42 handle, while better than forecasted data would cause an incline and a break above 1.45 handle.
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