- Friday, 14 August 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 17 August – 21 August
Sterling once again found area around 1.55 handle to be supportive during the last week and bounce out but only to struggle with 1.56 handle, especially with the area around 1.5660 level, as it momentarily offers plenty of resistance. As for next week focus will be on UK CPI data. Weaker than expected figures would once again send market towards 1.55 handle, while better than forecasted data would push Sterling to next major Read more...
- Friday, 14 August 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 17 August – 21 August
Aussie was pushed sharply down initially last week, testing 0.72 handle as a support on the news on Chinese devaluation of yuan. However, by the end of the week with the rebound on gold and iron ore markets Aussie also managed to test 0.74 handle as a resistance. We expect plenty of volatility next week. Any type of resistive candles around 0.7450 level initially and 0.75 handle in extension would offer short-term selling Read more...
- Friday, 07 August 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 10 August – 14 August
Euro went back and forth in the course of the last week, going below 1.09 handle initially, but rebounding by the end of the week and finishing it well above 1.09 level. However, we still believe that there is plenty of resistance for this pair above 1.10 handle, and it remains stuck into consolidation between 1.08 and 1.12 handle. As for next week, we would be more focused on US data and by the end of the week on Eurozone Read more...
- Friday, 07 August 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 10 August – 14 August
Sterling was pushed below 1.55 handle in the course of the last week, mostly due to dovish remarks from BoE Meeting Minutes. As for next week we would be focused on UK job data. Weaker than expected figures would push pair back below 1.54 handle, but we now expect plenty of support around 1.5350 handle, while better than forecasted data would bring full rebound to the pair, with initial resistance around 1.5580 level and 1.5650 Read more...
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