- Friday, 24 November 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 27 November – 01 December
Aussie formed support around 0.7540 level in the course of the last week, and was then pushed higher, but with no major data releases from Australia and with Thanksgiving holidays in the USA pair was traded in a tighter range with pair finishing the session slightly above 0.76 handle. Next week focus will be on US figures. 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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- Saturday, 11 November 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 13 November – 17 November
Euro was initially pushed lower in the course of the last week going all the way to 1.1550 level where it found some amount of support and managed to rebound by the end of the week in order to close it around 1.1660 level. As for next week we would pay attention to Eurozone GDP figures as well as US and CPI data. Any type of supportive candles around 1.16 and 1.1550 area would be short-term buying signal, while resistive candles above 1.17 and 1.1750 level would be short-term selling opportunity.
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- Saturday, 11 November 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 13 November – 17 November
It was quite volatile week for Sterling despite no major data releases. Pair found some amount of support around 1.3080 area in the course of the week and was then pushed higher all the way to 1.3230 level in the course of the Friday's session but found plenty of resistance there and pulled back slightly in order to finish the week around 1.32 handle. Focus of the next week will be on UK CPI and job figures. On a short-term basis, we believe that pair will find some amount of support around 1.3130 and 1.3080 area initially next week, while area above 1.33 handle should offer some amount of resistance.
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- Saturday, 11 November 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 13 November – 17 November
Aussie had an overall steadier week despite RBA releasing its interest rate decision. Pair found some amount of support around 0.7640 level while area near 0.77 handle proved to be too resistive at the moment with pair finishing week slightly above 0.7650 area. As for next week focus will be on Australian job figures as well as US data. Pair is likely to find support around 0.76 and 0.7550 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.77-0.7750 handle.
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