- Sunday, 21 May 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 22 May – 26 May
Sterling was supported by rather good UK figures in the course of the last week and was pushed higher, breaking above 1.30 handle by the end of the week, though this area is still quite resistive. Next week we would pay attention to BoE's Inflation Report and US figures. However, if Sterling remains above 1.30 handle this would definitely be a good sign. On a short-term basis, we believe that pair will find some amount of support around 1.2950 and 1.29 area initially next week, while area above 1.31 handle should offer some amount of resistance.
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- Sunday, 21 May 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 22 May – 26 May
Aussie formed support around 0.7380 area in the course of the last week, and was then pushed higher but found area above 0.7470 level to be too resistive at the moment, however, pair finished the week near this area which is of course a positive sign for a potential uptrend in the upcoming week, where focus will be more on US data. 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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- Friday, 12 May 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 15 May – 19 May
Euro initially broke higher in the course of the last week going all the way above 1.10 handle but this area proved to be too resistive at the moment, with pair pulling back all the way to 1.0840 level, but managed to rebound by the end of the week staying above 1.09 level. As for next week, with no major data releases we expect less volatility. Any type of supportive candles around 1.0830 area would be short-term buying signal, while resistive candles above 1.10 and 1.1030 level would be short-term selling opportunity.
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- Friday, 12 May 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 15 May – 19 May
Sterling went all the way to 1.30 handle in the course of the last week, but after BoE's interest rate decision and BoE's Inflation Report, pulled back all the way to 1.2840 level where it found some amount of support. Next week, focus will be on UK CPI and job figures. On a short-term basis, we believe that pair will find some amount of support around 1.2850 and 1.28 area initially next week, while area above 1.30 handle should offer some amount of resistance.
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