Tag: AUD

Weekly Currency (Futures) Outlook – Jun 13 – 17

Weekly Currency (Futures) Outlook – Jun 13 – 17

Technical Analysis
Weekly Technical Outlook for the currency and commodity markets. Euro: After falling steadily for nearly four weeks, the euro retraced its gains the week before. However, last week saw prices testing the highs above 1.140 but failed to gain higher. As a result the euro fell, to close the week at $1.1298. The retracement to 1.140 this week marks a correction to the upside and we could anticipate near term weakness to continue. The next key levels to watch out for are 1.120 and 1.10. Resistance: 1.140 Support: 1.120 Sterling: The sterling remains capped within a range with last week showing prices breaking out lower. While the sterling closed Friday at 1.426, a 6-week low. Further downside is likely in the near term, with 1.42 coming in as the initial supp...
Weekly Currency Indices Update: 04 – 08 May 2015

Weekly Currency Indices Update: 04 – 08 May 2015

Technical Analysis
Candlestick Patterns (Daily, Weekly) Index Daily Weekly AUD Bearish DCC 3 days ago. No specific pattern identified on Friday’s close Bearish with a shooting star like candlestick. No specific pattern identified CAD Bearish since the last 3 candles. No specific pattern identified Doji, one candle ago with a bearish candlestick GBP Bearish engulfing on body one day ago, followed by a large bearish candlestick on Friday’s close Bearish candlestick. No specific pattern identified JPY Bullish since past 5 daily candles after a bullish engulfing on 27/04. No specific pattern identified Bullish for the past 3 weeks after a bullish engulfing on 12/04 NZD Bearish for the past 3 candles after a bearish engulfing pattern formed on 29/04 Second week of beari