- Friday, 11 March 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 14 March – 18 March
Aussie spent most of the last week in an uptrend, breaking above major psychologically important resistance at 0.75 handle. Pair was mostly supported by incline in gold prices and better than forecasted China's CPI figures. Initially in the week, trend will depend on China's Industrial Production figures, but we would pay attention to US figures as well and of course Fed's interest rate decision. We can expect some amount of support around 0.74 handle, as this was last week's low, while pair should struggle to break higher with resistance extending all the way to 0.7650 handle.
Read more...- Friday, 04 March 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 March – 11 March
After the pair was initially pushed lower in the course of the last week, it managed to found significant amount of support around 1.08 handle and managed to completly rebound by the end of the week, breaking above 1.10 handle, though 1.1050 area is still offering significant amount of resistance, since it was previously important support. Next week focus will on ECB rate decision and the following Statement. We believe that some amount of support can be expected around 1.09 handle, while we would consider selling the pair at the sign of weakness near 1.1150 handle as this should now be major resistive area, if we see break above 1.1050 handle. Read more...
- Friday, 04 March 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 07 March – 11 March
Pound broke above 1.42 handle in the course of the last week, thus completely rebounding after decline caused by Brexit concerns. As for next week we would pay attention to UK Industrial Production figures. Weaker than expected data would push pair lower with support around 1.41 and 1.4050 level in extension, so this is where we would consider buying the pair in short term-trends. On the other hand, better than forecasted figures would lead to the uptrend all the way to 1.43 and 1.4350 handle where we can expect major resistance and short-term selling opportunity. Read more...
- Friday, 04 March 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 07 March – 11 March
Aussie was pushed higher in the course of the last week, going all the way to above 0.74 handle,which is of course quite bullish sign with pair now heading towards 0.75 handle as an important resistive barrier. Pair was mostly supported by surge in gold prices. As for next week, with no major data releases we can expect a bit les volatility. Any type of supportive candles around 0.73 handle, at least initially in the week, would offer short-term buying opportunity, while resistive candles above 0.75 and 0.7550 handle in extension would be short-term selling signal. Read more...
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…