- Friday, 29 December 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 01 January – 05 January
Aussie managed to broke higher in the course of the last week, going above 0.78 handle, but this area is still offering plenty of resistance with pair pulling back from 0.7820 area and finishing the week around 0.78 handle. Pair was mostly supported by general fall in US dollar as there were no major data releases. We expect less volatile beginning of the next week due to New Year's Day, and in the second part of the week we would be more focused on US figures. Pair is likely to find support around 0.7750 and 0.77 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7850-0.7880 handle.
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- Saturday, 23 December 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 25 December – 29 December
Euro formed support around 1.1730 level initially next week and then spent rest of the week in an incline going all the way to 1.19 handle where it found some amount of resistance and pulled back slightly in order to finish the week around 1.1860 area. We can expect that whole next week will be a steadier one, marked with holiday season and no major data released. Any type of supportive candles around 1.18 and 1.1750 area would be short-term buying signal, while resistive candles above 1.18 and 1.1950 level would be short-term selling opportunity.
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- Saturday, 23 December 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 25 December – 29 December
Sterling was initially pushed higher in the course of the last week going all the way to 1.3420 level, but then found some amount of resistance and pulled back slightly in order to finish the session around 1.3360 area. Next week, we expect less volatility as there will be no data releases and it is a holiday season with bank holidays marking beginning of the week. On a short-term basis, we believe that pair will find some amount of support around 1.33 and 1.3250 area initially next week, while area above 1.3450 handle should offer some amount of resistance.
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- Saturday, 23 December 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 25 December – 29 December
Aussie spent yesterday's session in an uptrend, after it initially formed support around 0.7650 area, with pair breaking above 0.77 handle, mostly being supported by incline in commodities prices, and with a weekly closing slightly above this area. Next week we expect less volatility as begining of the week marks a heart of holiday season. Pair is likely to find support around 0.7650 and 0.76 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7750-0.7780 handle.
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