- Friday, 28 April 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 01 May – 05 May
Euro was pushed higher in the course of the last week going all the way to1.0950 area, where it found some amount of resistance and pulled back by the end of the week but remained around 1.09 handle. Incline was caused by results of French elections as well as overall positive ECB attitude regarding future monetary policy. Next week focus will be on FOMC and US figures. Any type of supportive candles around 1.08 area would be short-term buying signal, while resistive candles above 1.10 and 1.1030 level would be short-term selling opportunity.
Read more...
- Friday, 28 April 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 01 May – 05 May
Sterling broke higher in the course of the last week, going all the way above 1.2950 handle which offered some amount of resistance but pair did not pullback significantly which is of course a positive sign. This is a continuation of uptrend from the week before and of course positive sign for Pound. As for next week we would be focused on FOMC and UK PMI 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 1.3050 handle should offer some amount of resistance.
Read more...
- Friday, 28 April 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 01 May – 05 May
Aussie did not mange to break above 0.76 handle in the course of the last week and then sharply pulled back going all the way to 0.7440 area where it found some amount of support and managed to rebound slightly by the end of the week but did not break above 0.75 handle again. Next week focus will be on RBA interest rate decision as well as FOMC and US figures. Pair is likely to find support around 0.74 and 0.7350 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.76 handle.
Read more...
- Friday, 21 April 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 24 April – 28 April
Euro was pushed higher in the course of the last week going all the way to1.0780 area, where it found some amount of resistance and pulled back by the end of the week but remained above 1.07 handle. Incline was caused by overall weakness in USD dollar as well as Theresa May's announcement on snap elections in the UK. As for next week focus will be on ECB interest rate decision. Any type of supportive candles around 1.06 area would be short-term buying signal, while resistive candles above 1.08 and 1.0830 level would be short-term selling opportunity.
Read more...- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…