- Friday, 30 October 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 02 November - 06 November
Aussie went back and forth in the course of the last week, breaking below 0.71 handle, but finding are around 0.7070 level to be to supportive at the moment, with pair rebounding slightly by the end of the week. Next week focus will be on RBA rate decision and Australian figures. Weaker than expected figures would push pair back to 0.70 handle, while better than forecasted data would Read more...
- Friday, 23 October 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 26 October – 30 October
Euro was pushed lower in the course of the last week going all the way to 1.10 handle. The main reason behind this fall are more dovish than expected ECB stanzas, including announcement of new stimulus measures in the future. Pair broke below all supportive points quite easily and if we see decisive break below 1.10 handle this trend is likely to continue. As for next week focus will shift Read more...
- Friday, 23 October 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 26 October – 30 October
After few unsuccessful attempts to break, Sterling break decisively down by the end of the week, going all the way to 1.53 handle. Despite rather good UK data, Sterling was also influenced by dovish ECB stanzas which eventually pushed pair lower. The current trend is certainly bearish, but we are not willing to start selling the pair until we see break below 1.52 handle. Next week, main Read more...
- Friday, 23 October 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 26 October – 30 October
Aussie spent last week being traded in a consolidation range between 0.7180 and 0.7310 level. This consolidation does not come as a surprise after recent large uptrend. However, this is also a sign that there is no clear trend for the pair at the moment. With that being the case we can expect that this trend will become more clear after next week's Australian CPI data. Weaker than expected Read more...
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