- Saturday, 03 March 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 5 March - 9 March
Euro was initially pushed lower in the course of the last week going all the way to 1.2150 area, but found plenty of support there and manged to rebound completely in the second part of the week going all the way to above 1.23 handle, thus finishing the week in a neutral tone. As for next week focus will be on ECB interest rate decision. Any type of supportive candles around 1.22 and 1.2150 area would be short-term buying signal, while resistive candles above 1.24 and 1.2450 level would be short-term selling opportunity.
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- Saturday, 03 March 2018
- Weekly Technical Analysis
GB/USD Weekly Forecast - 5 March - 9 March
Sterling found plenty of resistance above 1.40 handle in the course of the last week and was pushed lower going all the way to 1.37 area, where it found some amount of support and managed to rebound in order to finish the session around 1.3760 level. Decline was mostly caused by Brexit concerns. As for next week, focus will be on UK Industrial Production figures. On a short-term basis, we believe that pair will find some amount of support around 1.37 and 1.36 area initially next week, while area above 1.39 handle should offer some amount of resistance.
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- Saturday, 03 March 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 5 March - 9 March
Aussie was pushed lower initially last week but found some amount of support around 0.77 handle and slightly rebounded but only to finish the week above 0.7760 level. This is just a sign that there is a lot of bearish momentum in the pair, with Aussie falling for a second consecutive week. Next week focus will be on Australian Retail Sales and Trade Balance figures as well as RBA interest rate decision. Pair is likely to find support around 0.77 and 0.7650 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.7850-0.79 handle.
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- Friday, 16 February 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 19 February - 23 February
Euro spent last week in an uptrend going all the way to 1.2550 handle, where it found some amount of resistance and pulled back in order to finish the session around 1.24 handle. Pair was mostly supported by overall weakening of USD dollar as there were no major data releases. Next week, we expect similar up and down trading. Any type of supportive candles around 1.23 and 1.2250 area would be short-term buying signal, while resistive candles above 1.25 and 1.2550 level would be short-term selling opportunity. Read more...
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