- Saturday, 22 July 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 24 July – 28 July
Euro spent last week in an uptrend going all the way to 1.1680 area at the end of the week. Pair was mostly supported by hawkish ECB comments and overall weakness in US dollar. As for next week we would pay more attention to US figures. Any type of supportive candles around 1.16 and 1.1550 area would be short-term buying signal, while resistive candles above 1.1750 and 1.18 level would be short-term selling opportunity.
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- Saturday, 22 July 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 24 July – 28 July
Sterling was initially pushed higher in the course of the yesterday's session going all the way to 1.31 handle where pair found plenty of resistance and spent rest of the week in a decline going all the way to 1.2930 area, where pair found some amount of support and finish the week around 1.30 handle. AS for next week we would be focused on UK GDP figures. On a short-term basis, we believe that pair will find some amount of support around 1.2930 and 1.2880 area initially next week, while area above 1.31 handle should offer some amount of resistance.
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- Saturday, 22 July 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 24 July – 28 July
Aussie broke higher in the course of the last week going all the way to 0.7950 handle, mostly being supported by RBA Meeting Minutes as well as overall weakness in the US dollar. However, pair found some amount of resistance around 0.7950 area and then pulled back finishing the week around 0.79 handle. As for next week, focus would be on Australian CPI 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 0.80-0.8030 handle.
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- Friday, 30 June 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 03 July – 07 July
Euro was pushed higher in the course of the last week going all the way 1.1450 handle, mostly being supported by overall weakening of the US dollar. Pair found some amount of resistance around 1.1450 area and pulled back slightly but managed to form support around 1.14 handle during the Friday's session which is of course a positive sign. As for next week focus will be more on US figures, especially NFP report. Any type of supportive candles around 1.1350 and 1.13 area would be short-term buying signal, while resistive candles above 1.15 and 1.1550 level would be short-term selling opportunity.
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