- Friday, 29 June 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 2 July - 6 July
Aussie spent last week in a decline going all the way to 0.7320 level, though there were no major data releases from Australia. However, pair managed to rebound on Friday and finish the week around 0.74 handle. As for next week, we would pay attention to Australian Retail Sales and Trade Balance figures as well as RBA interest rate decision.
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- Sunday, 11 March 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 12 March - 16 March
Euro was initially pushed higher in the course of the last week going all the way to 1.2450 area, but found plenty of resistance there and after ECB press conference pair pulled back breaking below 1.23 handle at one moment, but in the end managed to find some amount of support around 1.2270 level in order to finish the session slightly above 1.23 handle. As for next week, we would be more focused on US figures. 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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- Sunday, 11 March 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 12 March - 16 March
Sterling went back and forth in the course of the last week, with support around 1.3760 level and resistance around 1.39 handle. In the end pair finished the week around 1.3850 handle, despite weaker than expected UK Industrial Production. Next week we would pay attention to UK Budget release. On a short-term basis, we believe that pair will find some amount of support around 1.3750 and 1.37 area initially next week, while area above 1.3950 handle should offer some amount of resistance. Read more...
- Sunday, 11 March 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 12 March - 16 March
Aussie formed support around 0.7720 level in the course of the last week and was then pushed higher going all the way to 0.7850 handle around which pair finished the week. Incline was mostly supported by rather good Australian Building Approvals, Current Account and Retail Sales figures. Next week, we would be more focused on US CPI and Retail Sales figures. Pair is likely to find support around 0.78 and 0.7750 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.79-0.80 handle.
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