- Friday, 27 October 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 30 October – 03 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 with uncertainties around Brexit pair went all the way to 1.3070 level during the Friday's session where it found some amount of support with pair finishing the week around 1.3130 area. As for next week we would pay attention to BoE interest rate decision as well as FOMC meeting and NFP report. 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 1.3250 handle should offer some amount of resistance.
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- Friday, 27 October 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 30 October – 03 November
Aussie spent last week in a decline offset by weaker than forecasted Australian CPI figures. Pair went all the way to 0.7620 area, where it found some amount of support and managed to rebound by the end of the week to a closing around 0.7670 level. Next week, focus will be on Australian Retail Sales and Trade Balance figures, as well as US NFP report and FOMC interest rate decision. 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 0.7750-0.78 handle.
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- Friday, 13 October 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 16 October – 20 October
Euro formed support around 1.1720 level in the course of the last week and was then pushed higher going all the way to 1.1880 area, where it found some amount of resistance and pulled back slightly in order to finish the week slightly above 1.18 handle. As for next week, focus will be on US figures. Any type of supportive candles around 1.1750 and 1.17 area would be short-term buying signal, while resistive candles above 1.19 and 1.1950 level would be short-term selling opportunity.
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- Friday, 13 October 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 16 October – 20 October
Sterling was pushed higher in the course of the last week, going all the way above 1.33 handle. Pair was mostly supported by positive comments regarding Brexit during the week and overall weakening of the US dollar. Pair found some amount of resistance above this area, but managed to finish the week around 1.3280 area. Next week, focus will be on UK CPI and job figures. On a short-term basis, we believe that pair will find some amount of support around 1.320 and 1.3150 area initially next week, while area above 1.34 handle should offer some amount of resistance.
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