- Saturday, 24 June 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 26 June – 30 June
Aussie spent most of the last week in a decline going all the way to 0.7530 area, but by the end of the week managed to slightly rebound. The whole weekly movement was within 100 points as there were no major data releases and with traders being more focused on commodity prices. We can expect similar trading next week with more focus on US figures. Pair is likely to find support around 0.75 and 0.7450 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7650 handle. Read more...
- Sunday, 04 June 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 05 June – 09 June
Euro formed support around 1.11 handle in the course of the last week and spent rest of it in incline going all the way to 1.1280 area by the end of the week, mostly supported by weaker than expected US figures. As for next week focus will be on ECB interest rate decision and the following press conference. Any type of supportive candles around 1.12 and 1.1150 area would be short-term buying signal, while resistive candles above 1.1350 and 1.14 level would be short-term selling opportunity.
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- Sunday, 04 June 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 05 June – 09 June
Sterling was initially pushed lower in the course of the week, mostly due to poll results indicating Conservatives do not have big advantage against Labour in the upcoming elections. However, pair found support around 1.2780 level and went all the way to 1.29 handle by the end of the week, where it found some amount of resistance and pulled back slightly. Next week focus will be on Parliamentary Elections. On a short-term basis, we believe that pair will find some amount of support around 1.2830 and 1.2750 area initially next week, while area above 1.2950 handle should offer some amount of resistance.
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- Sunday, 04 June 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 05 June – 09 June
Aussie pulled back in the course of the last week going all the way to 0.7380 area, where it found some amount of support and managed to rebound on Friday, going to 0.7450 area again, after weaker than expected US NFP figures. We can expect plenty of volatility next week, with Australian GDP, Trade Balance figures as well as RBA interest rate decisions. Pair is likely to find support around 0.7380 and 0.7350 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7550 handle.
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