- Friday, 30 June 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 03 July – 07 July
Sterling broke higher in the course of the last week going all the way above 1.30 handle and finish the week above 1.30 area, which is of course a sign of a bullish momentum. Pair was mostly supported by good UK figures and hawkish statements coming from BoE. Next week, focus will be on UK PMI figures and US NFP report. 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 1.3150 handle should offer some amount of resistance.
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- Friday, 30 June 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 03 July – 07 July
Aussie was pushed higher in the course of the last week, breaking even above 0.77 handle for one moment, however, this area is still somewhat resistive with pair pulling back slightly but finished the session near 0.77 level. Incline was mostly caused by obverall weaking of US dollar. Next week, weill be quite eventful with focus on RBA interest rate decision and NFP figures. Pair is likely to find support around 0.76 and 0.7650 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7750-0.78 handle.
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- Saturday, 24 June 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 26 June – 30 June
Euro initially pulled back in the course of the last week but found plenty of support around 1.1120 area in order to rebound by the end of the week and come back to 1.12 handle. It was an overall steadier week, with focus on Brexit negotiations. As for next week we would be more focused on US figures and Eurozone CPI data. Any type of supportive candles around 1.1120 and 1.1080 area would be short-term buying signal, while resistive candles above 1.1250 and 1.13 level would be short-term selling opportunity. Read more...
- Saturday, 24 June 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 26 June – 30 June
Sterling pulled back in the course of the last week, going even below 1.26 handle at one moment. Decline was mostly caused by concerns in Brexit negotiations and overall instability of UK government. However, pair found some amount of support around 1.26 area and managed to rebound by the end of the week finishing it slightly above 1.27 area. Focus of the enxt week will remain on Brexit negotiations. On a short-term basis, we believe that pair will find some amount of support around 1.2630 and 1.2580 area initially next week, while area above 1.28 handle should offer some amount of resistance. Read more...
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