- Saturday, 27 January 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 29 January – 02 February
Euro was pushed higher in the course of the last week, supported by weaker US dollar. Pair broke above 1.25 handle where it found some amount of resistance and after some bullish comments coming from President Trump euro pulled back slightly to a weekly closing around 1.2420 area. As for next week focus will be on NFP figures and FOMC interest rate decision. Any type of supportive candles around 1.2350 and 1.23 area would be short-term buying signal, while resistive candles above 1.2550 and 1.2120 level would be short-term selling opportunity.
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- Saturday, 27 January 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 29 January – 02 February
Sterling broke well above 1.40 handle int the course of the last week going all the way to 1.4340 area, where pair found some amount of resistance and after some bullish comments from President Trump on strength of US dollar pair pulled back to a weekly. Closing around 1.4160 level. Next week we would pay attention to UK PMI figures and US NFP report as well as FOMC interest rate decision. On a short-term basis, we believe that pair will find some amount of support around 1.41 and 1.40 area initially next week, while area above 1.43 handle should offer some amount of resistance.
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- Saturday, 27 January 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 29 January – 02 February
Despite no major data releases from Australia last week, Aussie was pushed higher breking above 0.81 handle and finishing the week around this area, mostly due to overall weakness of US dollar in initial part of the week. Next week will bring more volatilit with Australian CPI figures, NFP report and FOMC interest rate decision. Pair is likely to find support around 0.80 and 0.7950 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.82-0.8250 handle.
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- Saturday, 06 January 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 08 January – 12 January
Euro spent most of the last week going back and forth, with support being formed around 1.20 handle and resistance above 1.2080 area, with the pair in the end finishing week around 1.2030 level. We can expect more volatility next week, with the end of holiday season, however there will be no major data releases from Eurozone so we would be more focused on US figures. Any type of supportive candles around 1.1950 and 1.19 area would be short-term buying signal, while resistive candles above 1.2080 and 1.2120 level would be short-term selling opportunity.
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