- Friday, 12 February 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 15 February – 19 February
Pound break above 1.45 handle in the course of the last week, supported by dovish Janet Yellen's testimony which indicated that there will be no rate hike in the near future. Also, 1.44 was retested few times and now stands as a major support for this pair. Focus of the next week will be on CPI and job figures. Weaker than expected data would push pair lower with support around 1.4350 and 1.43 level in extension, so this is where we would consider buying the pair in short term-trends. Read more...
- Friday, 12 February 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 15 February – 19 February
Aussie went back and forth in the course of the last week with a support around 0.6980 level and resistance above 0.7150 handle. Pair mostly went back and forth without any clear trend. As for next week we can expect more volatility with Australian job figures and China's CPI and PPI data. Any type of supportive candles around 0.70 handle, at least initially in the week, would offer short-term buying opportunity, while resistive candles above 0.7170 and 0.72 handle in extension would be short-term selling signal.
Read more...- Friday, 05 February 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 08 February – 12 February
It was a steadier beginning of the last week for euro, but pair was pushed higher after investors started to believe that Fed is not likely to rise interest rates again soon. Pair broke weel above recent consolidation range, and even broke above 1.12 handle. However, after NFP figures, pair pulled back to 1.11 handle- As for next week, with no major data releases both from Eurozone and the USA, we believe that we can expect a bit less volatile sessions. Pair is likely to find support around 1.10 handle, as this was previosuly major resistance, while area around 1.1250 handle should offer some amount of ressitance, as break above this area, would mark that pair could much higher.
Read more...- Friday, 05 February 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 08 February – 12 February
Sterling was pushed higher in the course of the last week, breaking even above 1.4650 handle, but around this area pair found some amount of resistance in order to pullback, especially after dovish BoE Meeting Minutes and finish the week slightly below major both supportive and resistive point at 1.46 handle. As for next week, we would pay attenion to UK Industrial Production figures. We can expect some amount of support around 1.4350 area, which was previously resistive and resistance above 1.46 handle as this was the case last week. We do expect a bit steadier initial part of the week. Read more...
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