- Friday, 02 October 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 5 October – 9 October
Aussie was traded in a tighter range in the course of the last week, with a resistance above 0.7080 area and support around 0.6950 handle, despite mixed Australia figures and weaker than expected US NFP report. It seems that pair is consolidating after large decline, but we believe that sooner or later pair will break lower. Next week we would pay attention to RBA interest rate decision.
Read more...- Friday, 25 September 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 28 September – 2 October
In a less eventful week euro was pushed lower unable to break above 1.13 handle and went all the way to 1.11 handle. This area offered some amount of support with euro rebounding by the end of the week to 1.12 handle. However, this area still offers some amount of resistance. As for next week we would be focused on US NFP figures. Pair is likely to find support around 1.11 handle, which proved to be supportive for some time
Read more...- Friday, 25 September 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 28 September – 2 October
Sterling was pushed lower in the course of the last week, going even below 1.52 handle which indicates general weakness in the pair. As for next week we would pay attention to UK PMI data and US NFP figures. We believe that any type of supportive candles around 1.5050 handle and 1.50 area in extension would offer short-term buying opportunity, while resistive candles above 1.5350 level would be short-term selling signal. In long-
Read more...- Friday, 25 September 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 28 September – 2 October
Aussie did not manage to hold onto gains and even fell below 0.70 handle in the course of the last week, with bearish pressure mostly coming from weaker than expected China's Manufacturing PMI data as well as hawkish Janet Yellen's comments. Next week we can expect plenty of volatility with Australian Retail Sales and Building Approvals figures as well as NFP data being released. Better than expected figures would push
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