- Saturday, 05 August 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 07 August – 11 August
Aussie broke higher in the course of the last week going all the way to 0.8050 handle, mostly being supported by overall weakening of USD dollar, however, pair started pulling back after dovish RBA stanzas and weaker than expected Trade Balance figures and with decline being further supported on Friday with good US NFP data. Next week focus will be on China's and US figures. Pair is likely to find support around 0.7850 and 0.78 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.80-0.8050 handle.
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- Friday, 28 July 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 31 July – 04 August
Euro continued its uptrend in the course of the last week as well going all the way to 1.1750 area, around which it finished the week. The incline was mostly supported by dovish FOMC Statement and overall negative momentum in USD dollar, while confidence in Eurozone is being spurred according to the latest figures. As for next week, focus will on Eurozone CPI figures and US job data. Any type of supportive candles around 1.1650 and 1.16 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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- Friday, 28 July 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 31 July – 04 August
Sterling was pushed higher in the course of the last week going all the way to 1.3150 handle by the weekly closing, which is of course a positive sign. Pair was supported by dovish FOMC Statement and overall fall in US index, with incline not being hindered even by weaker than expected US GDP figures. Next week, we can expect plenty of volatility with UK PMI figures as well as US NFP report. On a short-term basis, we believe that pair will find some amount of support around 1.3050 and 1.30 area initially next week, while area above 1.3250 handle should offer some amount of resistance.
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- Friday, 28 July 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 31 July – 04 August
Aussie broke higher in the course of the last week going all the way to 0.8950 handle, mostly being supported by dovish FOMC stanzas as well as overall weakness in the US dollar. However, pair found some amount of resistance around 0.8050 area and then pulled back finishing the week around 0.7980 handle. As for next week, focus would be on RBA interest rate decision and Australian Retail Sales figures as well as US job data. 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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