- Saturday, 06 January 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 08 January – 12 January
Sterling was initially pushed higher in the course of the last week, breaking above 1.36 handle, but there found plenty of resistance in order to pullback to 1.35 handle which proved to be supportive enough in order for pair to rebound to the weekly closing around 1.3570 level. Next week we would be focused on UK Industrial Production figures and US CPI data. On a short-term basis, we believe that pair will find some amount of support around 1.35 and 1.3450 area initially next week, while area above 1.3650 handle should offer some amount of resistance.
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- Saturday, 06 January 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 08 January – 12 January
Aussie spent last week in a slow decline as there were no major data releases, with pair going all the way to 0.7880 area, which is somewhat resistive at the moment, but pair managed to finish the week around 0.7860 level. As for next week focus will be on Australian Retail Sales and US CPI figures and we can expect return of the volatility with the end of the holiday season. Pair is likely to find support around 0.78 and 0.7780 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.79-0.7950 handle.
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- Friday, 29 December 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 01 January – 05 January
Despite holiday season, euro was pushed higher in the course of the last week. Pair initially formed support around 1.1850 handle and then broke higher in the second part of the week going all the way to above 1.20 handle, where it found some amount of resistance but managed to finish the week and the year around 1.20 area. As for next week we expect more volatility in the second part of the week with Eurozone CPI and US NFP figures. Any type of supportive candles around 1.19 and 1.1850 area would be short-term buying signal, while resistive candles above 1.2050 and 1.21 level would be short-term selling opportunity.
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- Friday, 29 December 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 01 January – 05 January
Sterling was pushed higher in the course of the last week, breaking above 1.35 handle in the course of the Friday's session. The uptrend was mostly supported by overall weakening of the US dollar. Pair, however, found plenty of resistance above 1.3540 level and pulled back in order to finish the week around 1.35 handle. As for next week we would be focused on UK PMI figures and US NFP report, though we expect steadier beginning of the week. On a short-term basis, we believe that pair will find some amount of support around 1.3430 and 1.3370 area initially next week, while area above 1.36 handle should offer some amount of resistance.
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