- Friday, 19 February 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 22 February – 26 February
Despite no major data releases in the course of the last week, euro pulled back initially in the week, but area below 1.11 handle continued to offer support during the week, as well with area near 1.12 handle offering resistance. Next week should be less volatile, at the very beginning, with volatility coming back with US Durable Goods figures. We believe that some amount of support can be expected around 1.10 handle, which was previously quite resistive, while we would consider selling the pair at the sign of weakness near 1.13 handle as this is major resistive area. Read more...
- Friday, 19 February 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 22 February – 26 February
Pound break below 1.43 handle in the course of the last week, despite rather good UK figures. This is of course a bearish sign, which indicates that pair is not ready for breaking higher at the moment. Focus of the next week will be on GDP figures. Weaker than expected data would push pair lower with support around 1.4250 and 1.42 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 1.44 and 1.4480 handle where we can expect major resistance and short-term selling opportunity.
Read more...- Friday, 19 February 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 22 February – 26 February
Aussie went back and forth in the course of the last week with a support around 0.7080 level and resistance above 0.7180 handle. Pair mostly went back and forth without any clear trend. As for next week we can expect more volatility with Australian Private Capital Expenditure figures and US GDP data. Any type of supportive candles around 0.7040 handle, at least initially in the week, would offer short-term buying opportunity, while resistive candles above 0.72 and 0.7250 handle in extension would be short-term selling signal.
Read more...- Friday, 12 February 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 15 February – 19 February
After it went through a steadier beginning of the week with a support around 1.09 handle, euro was pushed higher on speculations that Fed will not rise interests rates in the near future. Next week should be less volatile, at the very beginning, with volatility coming back with FOMC Meeting Minutes and CPI figures. We believe that some amount of support can be expected around 1.11 handle, which proved to be a major a support last week, while we would consider selling the pair at the sign of weakness near 1.15 handle as this is major resistive area.
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