- Friday, 11 December 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 14 December – 18 December
After it initially fell in the week, testing 1.08 handle as a support, euro managed to rebound by the end of the week, in order to finish it around 1.10 handle. However, this area, especially 1.1030 level is still quite resistive so we cannot talk about change in a trend. Also, traders are being cautious ahead of next week's Fed rate decision. Read more...
- Friday, 11 December 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 14 December – 18 December
Despite dovish BoE comments regarding future rate hike, Sterling after initial decline, managed to rebound in the course of the last week, finding area around 1.4950 level to be supportive enough and by the end of the week pair managed to break even above 1.52 handle. As for next week we would pay attention to UK CPI and job figures, but the focus will of course be on Fed. Read more...
- Friday, 11 December 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 14 December – 18 December
Aussie was traded in a tighter range in the course of the last week, with support at 0.7180 level and resistance above 0.7330 area. This indicates that there is no clear trend for this pair at the moment, especially since pair did not manage to hold onto gains after much better than forecasted Australian job figures. Next week, there will be no major data releases from Australia, so we would pay attention on Fed's rate decision. Read more...
- Friday, 04 December 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 December – 11 December
Euro was pushed higher in the course of the last week, after ECB failed to meet market expectations considering extension of further monetary stimulus. Pair was initially pushed lower during the week but 1.05 handle managed to hold all pressures and after ECB pair bounced all the way to 1.09 handle. This is where we can expect that pair will struggle a bit since this was a bottom of recent uptrend line. With no major data releases next week, pair is likely to consolidate a bit after this huge incline. Read more...
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