- Friday, 22 September 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 25 September – 29 September
Euro was initially pushed higher in the course of the last week going all the way 1.2030 area, however this area proved to be too resisitive at moment, and after hawkish Fed comments, pair pulled back going all the way to 1.1860 area where it found some amount of support and managed to rebound by the end of the week finishing it well above 1.19 handle. Next week we would be focused on Eurozone CPI and US figures. Any type of supportive candles around 1.1850 and 1.18 area would be short-term buying signal, while resistive candles above 1.2050 and 1.2080 level would be short-term selling opportunity.
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- Friday, 22 September 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 25 September – 29 September
Sterling went back and forth last week, on one hand being supported by rather good UK Retail Sales figures and on the other hand offset by Fed's hawkish stanzas. Pair formed support around 1.3450 area and resistance above 1.3650 handle, in the end finishing the week above 1.35 handle. As for next week we would pay aattention to US figures and anything regarding Brexit. On a short-term basis, we believe that pair will find some amount of support around 1.3450 and 1.34 area initially next week, while area above 1.3650 handle should offer some amount of resistance.
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- Friday, 22 September 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 25 September – 29 September
Aussie broke higher initially last week going all the way to 0.81 handle, but after hawkish Fed comments and rather good US figures pair pulled back all the way to 0.79 handle where it found some amount of support and managed to rebound slightly in order to finish the week around 0.7950 area. With no major data releases from Australia next week, we would be more focused on US figures. Pair is likely to find support around 0.7880 and 0.7850 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.8050-0.81 handle.
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- Friday, 15 September 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 18 September – 22 September
Euro was initially pushed lower in the course of the last week, as area above 1.20 handle proved to be too resistive for the pair at the moment. Pair pulled back all the way to 1.1840 level where it found some amount of support and by the end of the week, supported by mixed US figures, managed to rebound to a weekly closing above 1.19 handle. As for next week, focus will be on FOMC interest rate decision. 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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