- Friday, 27 November 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 30 November - 04 December
After pair was initially pushed higher, and test 0.7280 level as a resistance pair pulled back and even broke below 0.72 handle. 0.7180 area at the moment now offers some amount of support, but with bearish pressure being quite strong we would not be surprised to see even further decline. Next week main market mover will be RBA rate statement, Australian GDP figures as well as US NFP data.
Read more...- Friday, 20 November 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 23 November – 27 November
Euro found support around 1.0620 level during the last week, and was pushed higher after a bit dovish FOMC Meeting Minutes, but pair did not manage to remain above 1.07 handle and pulled back by the end of the week. Next week focus will be on US data. We believe that pair will find some amount of support around 1.0580 level initially next week and resistance above 1.07 handle, so these would be our short-term buying and selling points.
Read more...- Friday, 20 November 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 23 November – 27 November
Despite rather weak UK CPI and Retail Sales , Sterling was pushed higher in the course of the last week, mostly due to dovish FOMC Meeting Minutes. Pair broke above 1.53 handle, but it found significant amount of resistance around 1.5330 level, in order to pullback and even broke below 1.52 handle. With no major data releases from the UK next week, we believe that main market mover will be US data.
Read more...- Friday, 20 November 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 23 November – 27 November
Aussie was pushed higher in the course of last week, breaking above 0.72 handle, which is of course a positive sign, since almost all commodity prices fell this week. As for next week attention will be on US data. Any type of supportive candles around 0.7150 level would offer short-term buying opportunity, while resistive candles around 0.7280 and 0.7330 level in extension would be short-term selling signal. Read more...
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