- Friday, 01 December 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 04 December – 08 December
Sterling formed support around 1.32 handle in the course of the last week, and was then pushed higher, going all the way to 1.3550 area, supported by news on Brexit bill deal. However, this level proved to be to resistive at the moment and pair pulled back in order to finish the week around 1.3470 area. As for next week, we would pay attention to UK Industrial Production figures as well as US NFP report. On a short-term basis, we believe that pair will find some amount of support around 1.34 and 1.3350 area initially next week, while area above 1.3550 handle should offer some amount of resistance.
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- Friday, 01 December 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 04 December – 08 December
Aussie was pushed lower in the course of the last week, though it was mostly traded in a tighter range, however, pair managed to find some amount of support around 0.7550 area and rebound in the course of the Friday's session in order to finish the week above 0.76 handle. As for next week, we would be focused on Australian GDP and Retail Sales figures as well as RBA interest rate decision, so we can expect much more volatility. Pair is likely to find support around 0.7550 and 0.75 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7680-0.77 handle.
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- Friday, 24 November 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 27 November – 01 December
After euro initially formed support around 1.17 handle in the course of the last week, pair was pushed higher and spent rest of the week in an incline going all the way to 1.1930 area, around which pair finished session which is of course a positive sign, however, a lot of uptrend can be attributed to Thanksgiving holidays. As for next week we would pay attention to Eurozone CPI figures. Any type of supportive candles around 1.1850 and 1.18 area would be short-term buying signal, while resistive candles above 1.20 and 1.2050 level would be short-term selling opportunity.
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- Friday, 24 November 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 27 November – 01 December
Sterling spent last week ina n incline, going all the way to 1.3350 handle where it found some amount of resistance but managed to finish the week around 1.3330 level. The incline was mostly supported by Autumn Forecast Report on budget as well as US traders being rather quite due to Thanksgiving holidays. Next week we would be more focused on US figures. On a short-term basis, we believe that pair will find some amount of support around 1.3250 and 1.32 area initially next week, while area above 1.3450 handle should offer some amount of resistance.
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