AUD/USD EUR/USD Weekly Forecast 14 Mar 16
Full Release at TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.
Good day forex traders.
In the previous review we noted that the AUD/USD had a strong bullish momentum. It broke through the bollinger bands and might target the 0.76 resistance.
In the previous EUR/USD forecast we noted that from a technical point of view, the bollinger bands remained as good technical indicators of support and resistance levels. A clean break from 1.1 was needed before any further bullish momentum could be expected. The immediate resistance was likely to be 1.113 followed by 1.12. The extended bullish target would be the upper bollinger band.
Looking at the AUD/USD weekly chart above we note that the currency pair continued the bullish momentum for the week. It remained above the upper bollinger band thus indicating a strong momentum.
Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the AUD/USD EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.
AUD/USD: heavily short and market await catalyst
FXStreet (Guatemala) – AUD/USD is currently trading at 0.7032 with a high of 0.7064 and a low of 0.7019.AUD/USD remains within the consolidation and the market already heavily short, long of dollars and in wait and see mood, cautious to be too short ah…
AUD/USD bears looking for break to 0.6905
FXStreet (Guatemala) – AUD/USD is moving along a line of consolidation after opening the week in early Asia better offered following Nonfarm Payrolls sell-off and the Chinese news from over the weekend that further pressured EM’s and the commodity bloc…
AUD/USD bearish pattern; NZD/USD could run higher
The Market Sniper, Francis Hunt, joined Zak Mir and Mike Ingram on the Tip TV Finance Show to discuss the Dollar Index, as well as the AUDUSD and NZDUSD. Key Points: Dollar Index you should suspect continuation after the USD reasserted its strength. AUDUSD sees a bearish pattern, however, there are bids which could mean [&hellip
AUD/USD testing the key 200 SMA on 1hr sticks
FXStreet (Guatemala) – AUD/USD is currently trading at 0.7257 with a high of 0.7269 and a low of 0.7207.AUD/USD marches forward on poor homes sales from the US, renewed risk sentiment with the ECB likely easing further, China cutting interest rates, al…
AUD/USD Forecast Oct. 26-30/10/2015
AUD/USD posted modest losses last week and closed just above the 0.72 line. This week’s key event is CPI. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. The US dollar received some support last week from positive US data, as home sales and jobless claims beat their estimates. Chinese GDP edged lower [&hellip
AUD/USD: moving into critical bears territory
FXStreet (Guatemala) – AUD/USD dropped away from the MA cluster on the hourly time frames and printed a low of 0.7210 from the 20/50 SMA cross at circa 0.7250 in Asia. The major commodity currency is making a minor recovery in the US shift as bulls def…