Weekly Technical Analysis
- Saturday, 09 June 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 11 June - 15 June
Notes: Euro reversed off basic trendline support extending off the 2017 lows late-last month with the pair rallying more than 2.3% ahead of key interest rate decisions over the next two days. The first major resistance hurdle is eyed at 1.1916/25 where the January low converges on…
- Saturday, 09 June 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 11 June - 15 June
GBPUSD is caught in a range. Following the June 1 close above 1.3300, buyers swooped in to support prices between the 4th and 5th; no surprise there. That exposed the 1.3460 resistance level which was tested as such on Thursday.
- Saturday, 09 June 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 11 June - 15 June
AUD/USD was rejected from a cluster of lines (confluence of resistance) as one might expect to happen, but with it comes the further development of a more bearish price sequence via a bear-flag.
- Saturday, 02 June 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 4 June - 8 June
The EURUSD rebounded higher last week forming a quasi-bullish rejection candle on the weekly chart. It started with Wednesday’s 130 pip surge and was capped off by Friday’s end of day bounce to stay above the trend line from the 2017 low.
- Saturday, 02 June 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 4 June - 8 June
Notes: The British Pound is down more than 7% from the yearly highs with price continuing to trade within the confines of descending pitchfork formation extending off January / April highs, just above support at 1.3182 (low registered at 1.3205). Note that weekly momentum held…
- Saturday, 02 June 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 4 June - 8 June
Once again, Aussie/USD did not go anywhere fast with a fall to the 0.7520 level being only temporary. Technical lines from top to bottom: 0.7730 capped the pair in early April. 0.7675 provides some support in March and is another…
- Saturday, 26 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 28 May - 1 June
The Euro initially tried to rally against the US dollar as well but found trouble with the 1.1850 level. We ended up turning around and forming a very ugly candle, we suggest that we are in fact getting ready to…
- Saturday, 26 May 2018
- Weekly Technical Analysis
GBP/USD Weekly Forecast - 28 May - 1 June
The British pound has broken down significantly during the week, after initially trying to rally and retest the previous uptrend line. The fact that it has failed at that uptrend line to break above again tells me that we will…
- Saturday, 26 May 2018
- Weekly Technical Analysis
AUD/USD Weekly Forecast - 28 May - 1 June
Aussie/USD did not go anywhere fast and remained close to the 0.75 level. Technical lines from top to bottom: 0.7730 capped the pair in early April. 0.7675 provides some support in March and is another stepping stone.
- Saturday, 19 May 2018
- Weekly Technical Analysis
EUR/USD Weekly Forecast - 21 May - 25 May
Notes: EUR/USD broke below confluence slope support last month with the decline breaking below the yearly opening range lows at 1.1916. Price is now approaching confluence support around 1.1709/45 where the 38.2% retracement of the late-2016 advance converges on a parallel of the dominant slope extending of…- Popular
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