- Friday, 07 August 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 10 August – 14 August
Aussie managed to rebound during the last week, supported by hawkish RBA statements on current exchange and interest rates, breaking above 0.74 handle, though this area seems to be resistive for this pair. Next week, we expect market movement from China Industrial Production figures and US data. Any type of resistive candles near 0.75 handle would offer short-term selling opportunity, while supportive candles below 0.73 area
Read more...- Friday, 31 July 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 03 August – 07 August
After it was initially pushed higher, testing 1.11 handle as a resistance, euro pulled back in the course of the last week especially after FOMC Statement. However, 1.09 handle offered plenty of support with euro rebounding and going back to 1.10 handle. Focus of the next week will be on US job figures. We believe that pair will find significant amount of support around 1.09 handle so this would be our short-term buying point, while
Read more...- Friday, 31 July 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 03 August – 07 August
Sterling went as high as 1.57 handle in the course of the last week, but found this area to be too resistive at the moment, with pair pulling back even below 1.56 handle. However, 1.55 handle is massively supportive for this pair, so Sterling once again found significant amount of support and went back above 1.56 handle at a weekly closing. Next week should be quite volatile with focus on BoE interest rate decision and US job
Read more...- Friday, 31 July 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 03 August – 07 August
Aussie was traded in a bit tighter range in the course of the last week, since there were no major data releases from Australia, and with pair going through bit of consolidation after recent huge decline. The pair found support around 0.7250 and resistance above 0.7350 area. Next week main market movers will be Australian data and RBA rate decision. Weaker than expected figures would push pair all the way to 0.72 handle where we Read more...
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