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Weekly Technical Analysis

EUR/USD Weekly Forecast - 6 August - 10 August

The EUR/USD pair has initially tried to rally during the week but gave back the gains to close lower. As you can see by the yellow rectangle on the chart, not much has changed since last week, and I believe…

GBP/USD Weekly Forecast - 6 August - 10 August

The British pound initially tried to rally during the week but gave back the gains to crash back into the 1.30 level. This is an area where I see a significant amount of demand, so quite frankly I do expect…

AUD/USD Weekly Forecast - 6 August - 10 August

The Australian dollar has gone sideways again this week, but it continues to show that there is a significant amount of support at the 0.7350 level. Overall, I believe that this market will probably continue to find reasons to bounce…

EUR/USD Weekly Forecast - 30 July - 3 August

As we enter the traditionally slow month of August, I cannot help but notice that the EUR/USD pair looks to be very stagnant. This is probably because we are awaiting the results of the Brexit, which although much of the…

GBP/USD Weekly Forecast - 30 July - 3 August

The British pound has dropped a bit during the week, but still remains well above the 1.30 level, as we continue to hover in a consolidated phase. The question now is whether or not this is an accumulation phase, or…

AUD/USD Weekly Forecast - 30 July - 3 August

The Australian dollar has fallen a bit during the week but continues to find plenty support near the 0.7350 level, showing a proclivity for a bounce. I think that if we can break above the top of the 0.75 handle,…

EUR/USD Weekly Forecast - 23 July - 27 July

The EUR/USD pair continued to be very choppy during trading this past week, using the 1.15 level as support and the 1.1850 level above as resistance. We ended up forming a bit of a hammer, and that of course is a…

GBP/USD Weekly Forecast - 23 July - 27 July

The British pound has taken a bashing over the last several weeks, as the Brexit negotiations are not going very well. Compounding that, the British government can’t seem to decide on what to do so it makes sense that Sterling fell.…

AUD/USD Weekly Forecast - 23 July - 27 July

The Australian dollar has found support yet again on a bounce from the 0.7325 region, as the 0.7350 handle looks to be the beginning of massive support. We have formed a hammer for the week, just like we did the week…

EUR/USD Weekly Forecast - 2 July - 6 July

Euro was initially pulled lower in the course of the last week going all the way to 1.1525 level on Wednesday but formed some amount support in this area and managed to completely rebound in the course of the Friday…

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