- Friday, 26 February 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 29 February – 04 March
Euro was pushed lower in the course of the last week. Area around 1.10 handle initially hold as a major supportive point, but by the end of the week, with better than forecasted US GDP figures pair pulled back all the way to 1.09 handle, which is of course a bearish sign. As for next week, we would be focused on US NFP figures. We believe that some amount of support can be expected around 1.08 handle, which proved to be supportive in the past, while we would consider selling the pair at the sign of weakness near 1.10 handle as this should now be major resistive area.
Read more...- Friday, 26 February 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 29 February – 04 March
Pound broke below 1.40 handle in the course of the last week,and went all the way to 1.3850 handle, with a weekly closing near weekly lows which is of course additional bearish sign. Downtrend is caused mostly on Brexit concerns and dovish BoE's comments concerning interest rates. Focus of next week will be on UK PMI figures and US NFP data. Weaker than expected data would push pair lower with support around 1.3750 and 1.37 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 1.3950 and 1.40 handle where we can expect major resistance and short-term selling opportunity.
Read more...- Friday, 26 February 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 29 February – 04 March
Aussie was pushed higher in the course of the last week, going all the way to above 0.72 handle, but pair found significant amount of resistance around 0.7250 area, beginning of previous uptrend line, and pulled back by the end of the week to 0.71 handle. We can expect a lot of volatility during the next week with Australian GDP figures and RBA rate decision as well as US NFP report.
Read more...- Friday, 19 February 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 22 February
Euro was initially pushed lower in the course of the Friday's session, after US CPI figures, but found area around 1.1060 handle to be supportive enough, in order to rebound and break once again above 1.11 handle by the end of the session, all the way to day's high. As for Monday, we can expect some amount of support around 1.1050 handle, previous resistance and 1.10 level in extension, while area around 1.1180 level, should offer some amount of resistance as it was the case last week. Read more...
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