- Friday, 03 November 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 06 November – 10 November
Euro was traded in a tigher range in the course of the last week with support around 1.16 handle and resistance at 1.17 handle. However, pair finished the week in a negative tone around 1.16 handle due to better than forecasted US NFP figures. Pair is still influenced by dovish ECB stanzas. Next week, with no major data releases we expect less volatility. Any type of supportive candles around 1.1550 and 1.15 area would be short-term buying signal, while resistive candles above 1.1680 and 1.17 level would be short-term selling opportunity.
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- Friday, 03 November 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 06 November – 10 November
Sterling was initially pushed higher in the course of the last week, going all the way to near 1.33 handle, where it found plenty of resistance and after dovish BoE's stanzas despite rate hike and rather good US NFP figures pair pulled back to a weekly closing around 1.3070 area. Next week we would pay attention to UK Industrial Production figures. On a short-term basis, we believe that pair will find some amount of support around 1.30 and 1.2950 area initially next week, while area above 1.32 handle should offer some amount of resistance.
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- Friday, 03 November 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 06 November – 10 November
Aussie went back and forth in the course of the last week, with support around 0.7620 area and resistance above 0.7730 level. Pair was initially supported by rather good Australian Trade Balance and Building Approvals figures, but then fell in the course of the Friday's session due to weaker than expected Australian Retail Sales and US NFP report. PAir in the end finished the session near 0.7650 handle. Next week, we would be focused on RBA interest rate decision. 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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- Friday, 27 October 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 30 October – 03 November
Euro was pushed lower in the course of the last week. Pair found plenty of resistance above 1.18 handle and after dovish ECB stanzas on bond buying programme pair pulled back all the way to 1.1570 area, where it found some amount of support and managed to finish the week around 1.16 handle. Next week we would be focused on FOMC interest rate decision and NFP figures. Any type of supportive candles around 1.1550 and 1.15 area would be short-term buying signal, while resistive candles above 1.1680 and 1.17 level would be short-term selling opportunity.
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