- Friday, 22 January 2016
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 25 January – 29 January
Euro had a steadier initial part of the last week, but was then pushed lower after dovish ECB comments, indicating possible further stimulus at March meeting. However, pair found support slightly below 1.08 handle, around which it finished the week. Next week should be a steadier one, with some data releases but mostly of minor importance. We believe that any type of supportive candles around 1.07 handle would offer short-term buying opportunity, while resistive candles in a range between 1.09 and 1.10 handle would be short-term selling signal. Read more...
- Friday, 22 January 2016
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 25 January – 29 January
After it initially fell during the last week, mostly due to dovish Governor Carney's comments regarding rate hike, Sterling found area slightly below 1.41 handle to be supportive enough in order to rebound by the end of the week, even break above 1.43 handle in the course of the Friday's session, though by the end of it pair pulled back. As for next week focus will be on UK GDP figures. Pair is likely to find support around 1.43 handle initially, and in a case of a larger decline, last week lows at 1.41 handle, while there is plenty of resistance above 1.43 handle extending all the way to 1.45 handle, so these are the key short-term buying and selling points.
Read more...- Friday, 22 January 2016
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 25 January – 29 January
Aussie was initially pushed lower in the course of the last week, due to concerns surrounding China's economy, but by the end of the week, pair managed to rebound supported by gains in commodity prices and break above 0.70 handle again. As for next week we would pay attention to Australian GDP figures. Weaker than expected figures would cause a pullback to 0.6850 area, where we can expect some amount of support, while better than forecasted data would bring rebound all the way to 0.71 handle where we can expect some amount of resistance as this was previously beginning of the uptrend line.
Read more...- Friday, 15 January 2016
- Daily Technical Analysis
EUR/USD Daily Forecast – 18 January
Euro spent Friday's session in an uptrend, bouncing out from 1.0850 handle and being further supported by weaker than expected US figures. However, pair found area around near 1.10 handle to be too resistive at the moment and pulled back slightly by the end of the session. Read more...
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