- Friday, 13 October 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 16 October – 20 October
Aussie broke higher in the course of the last week after it found support around 0.7750 handle going all the way to 0.79 area by the end of the week where it found some amount of resistance and then pulled back slightly but still finished the week around 0.7880 level. Next week focus will be on CPI figures. Pair is likely to find support around 0.7780 and 0.7750 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7950-0.80 handle.
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- Saturday, 30 September 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 02 October – 06 October
Euro spent most of the last week in a decline going all the way to 1.17 handle where it found some amount of support and managed to rebound in order to finish the week above 1.18 handle. The decline was mostly caused by German election results and rather good US news and figures that supported USD. As for next week we would be focused on US job 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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- Saturday, 30 September 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 02 October – 06 October
Sterling was pushed lower in the course of the last week, with decline mostly caused by overall strengthening of US dollar. Pair went all the way to 1.3340 level, where it found some amount of support and managed to rebound slightly in order to finish the week around 1.34 handle. As for next week we would be focused on UK PMI data and US job figures. On a short-term basis, we believe that pair will find some amount of support around 1.3350 and 1.33 area initially next week, while area above 1.35 handle should offer some amount of resistance.
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- Saturday, 30 September 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 02 October – 06 October
Aussie fell in the course of the last week, going all the way to 0.78 handle, which proved to be somewhat supportive but only for a pair to rebound slightly finishing the week around 0.7830 level. Current momentum in the pair is bearish but next week we would be focused on RBA interest rate decision and Australian figures, as well as US NFP report. Pair is likely to find support around 0.7780 and 0.7750 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.79-0.7950 handle.
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