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Friday, 06 November 2015
Weekly Technical Analysis

GBP/USD Weekly Forecast – 9 November – 13 November

Sterling was pushed significantly lower in the course of the last week. The main reason behind this decline are dovish BoE stanzas, but most importantly much better than forecasted NFP figures, after which Sterling was pushed all the way to 1.5050 area. 1.50 handle is of course major support on long-term charts so we believe that pair will find some amount of support around it initially next week.

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Friday, 06 November 2015
Weekly Technical Analysis

AUD/USD Weekly Forecast – 9 November – 13 November

After it was initially pushed higher in the course of the last week, Aussie find area around 0.72 handle to be too resistive at the moment, and after NFP data pair pulled back all the way to 0.70 handle, which is now next major supportive level. As for next week we would pay attention to China CPI figures and Australian job data.

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Friday, 30 October 2015
Weekly Technical Analysis

EUR/USD Weekly Forecast – 02 November - 06 November

Euro was traded in a tighter range between 1.09 handle and 1.1050 level in the course of the last week, still influenced by dovish ECB stanzas, but area around 1.09 handle still offers plenty of support at the moment, with pair managing to rebound by the end of the week and breaking above 1.10 handle. However, area above 1.1070 level proved to be to resistive at the moment. As for next Read more...

Friday, 30 October 2015
Weekly Technical Analysis

GBP/USD Weekly Forecast – 02 November - 06 November

Sterling was pushed lower in the course of the last week, due to weaker than expected UK GDP data and hawkish FOMC statement, however found area around 1.5250 level to be supportive enough at the moment. Focus of the next week will be on BoE interest rate decision and inflation report as well as UK Industrial Production figures. Any type of supportive candles around 1.5250 handle

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