- Friday, 15 September 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 18 September – 22 September
Sterling spent last week in an uptrend going all the way to 1.36 handle by the end of the week, where pair found some amount of resistance but pulled back only slightly. Uptrend was mostly supported by hawkish BoE's meeting minutes indicating rate hike as well as rather good UK job and inflation figures. Next week, we would pay attention to Fed interest rate decision and US figures. On a short-term basis, we believe that pair will find some amount of support around 1.34 and 1.3350 area initially next week, while area above 1.37 handle should offer some amount of resistance.
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- Friday, 15 September 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 18 September – 22 September
Aussie pulled back in the course of the last week going all the way to 0.7950 handle, as area above 0.8050 level proved to be too resistive for the pair at the moment. However, pair managed to rebound slightly in the second part of the week supported by rather good Australian job figures, with pair closing the week around 0.80 handle. Next week, focus will be on US figures and especially Fed's interest rate decision. Pair is likely to find support around 0.79 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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- Saturday, 05 August 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 07 August – 11 August
Euro was initially pushed higher in the course of the last week going all the way to 1.19 handle in one moment, with pair being supported by overall weakening of US dollar. However, pair pulled back on Wednesday closing the week around 1.1770 area, due to better than forecasted NFP figures. Next week focus will be on US PPI and CPI data. Any type of supportive candles around 1.17 and 1.1650 area would be short-term buying signal, while resistive candles above 1.1850 and 1.19 level would be short-term selling opportunity.
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- Saturday, 05 August 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 07 August – 11 August
Sterling initially went higher in the course of the last week, testing area above 1.3250 handle, but after dovish BoE's Inflation Report and better than forecasted US NFP figures, pair started pulling back in the second part of the week going all the way to 1.3050 area by the end of the week. As for next week we would pay attention to UK Industrial Production figures and US CPI and PPI reports. 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 1.3150 handle should offer some amount of resistance.
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