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Friday, 02 January 2015
Weekly Technical Analysis

AUD/USD Weekly Forecast - 05 January - 09 January

Aussie went back and forth in a week that was uneventful with Australian data releases and in which oil and iron ore prices played a major role. However, pair in the end broke to the downside finishing the week few points above 0.81 handle. This area offers plenty of support that goes all the way to 0.80 handle which is our long-term target, so we believe that this will be the case initially in the next week. Read more...

Wednesday, 31 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 02 January

Wednesday's session was a steadier one, since it was New Year's Eve, some of the European banks were closed in observance of it, and there were no major data releases. Pair spent most of the European part ofsession being traded around 1.2150 area, but in the US session pulled back to a daily closing around 1.21 handle.

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Wednesday, 31 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 02 January

Sterling continued its uptrend during the European part of Wednesday's session, though in somewhat tighter-range since there were no major data releases, and holiday season is still ongoing so there is less liquidity at the markets. However, by the end of the day it gave up all the gains finishing the session around 1.5580 level. As for Friday, main market mover will be UK Manufacturing PMI data.

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Wednesday, 31 December 2014
Daily Technical Analysis

AUD/USD Daily Forecast - 02 January

Aussie was somewhat supported during the Wednesday's session by China's Manufacturing PMI figures, and even broke above 0.82 handle, however this area keeps offering plenty of resistance, with Aussie pulling back to 0.8170 level. With no major data releases on Friday, we believe that resistive candles above 0.8230 level would offer short-term selling opportunity, while supportive candles around 0.8150 level would be short-term buying signal.

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