- Friday, 10 July 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 13 July – 17 July
Aussie broke below 0.75 handle in the course of the last week as worries around Shanghai stock market and China's economic growth put it under pressure with China being Australian first trading partner. This is why next week China's GDP and Industrial Production figures will be in focus. Any type of resistive candles above 0.75 handle would offer short-term selling opportunity, while supportive candles below 0.7350 handle would be
Read more...- Friday, 03 July 2015
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 06 July – 10 July
After initial gap all the way to 1.0950 area, euro managed to rebound in the course of the week mostly due to SNB intervention in the markets, but with uncertainties surrounding Greek referendum results outlook in the pair remained bearish, with euro being unable to break decisively above 1.11 handle by the end of the week. There will be no major data releases next week so we can expect that Greek crisis will be in focus. Any type
Read more...- Friday, 03 July 2015
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 06 July – 10 July
Sterling did not manage to break above 1.58 handle, despite initial tries and rather good PMI data, and spent most of the week in a downtrend with a weekly closing below 1.56 handle. Next week focus will be on Industrial Production figures, but overall it should be a steadier week in which pair is likely to find initial support around 1.55 handle and 1.5450 area in extension and resistance above 1.57 handle, so these would be our
Read more...- Friday, 03 July 2015
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 06 July – 10 July
After it spent most of the week being traded in a tighter range within its consolidation range, Aussie was pushed sharply down on Friday all the way to 0.75 handle which is significant supportive area on a long-term charts. This kind of move on the markets that were overall steadier during the Friday's session suggests general bearishness in the pair. On a short-term basis, next week will be marked by Australian job figures and
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