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The Pound Sterling sellers regained poise as the United States Dollar (USD) resumed its recovery. This dragged the GBP/USD currency pair under the 1.2600 round level. The major looks forward to the US inflation data and the United Kingdom’s quarterly growth report as a saving grace. In this article, we'll detail GBP/USD Weekly Technical Forecast for Week 32, 2023.
GBP/USD:
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GBP/USD Weekly Forecast for Week 32, 2023 The Pound Sterling sellers regained poise as the United States Dollar (USD) resumed its recovery. This dragged the GBP/USD currency pair under the 1.2600 round

Gold price climbed above $1,980 for the first time in two months within last week. Though it failed to preserve its bullish momentum. The Federal Reserve’s (Fed) policy announcements this week could trigger the next big action in XAU/USD. With investors potentially reassessing the interest rate outlook. In this article, we'll detail XAU/USD Weekly Technical Forecast for Week 30, 2023.
XAU/USD

XAU/USD Weekly Forecast for Week 30, 2023 Gold price climbed above $1,980 for the first time in two months within last week. Though it failed to preserve its bullish momentum. The Federal Reserve’s (F

EUR/USD continued to draw strong support from 55 D EMA (now at 1.0859) last week even though it is still bounded in range below 1.1011. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 28, 2023.
EUR/USD Technical Outlook
Initial bias remains neutral this week first, but further rally is in favor. On the upside, break of 1.1011 will resume the rise from 1.0634

EUR/USD Weekly Forecast for Week 28, 2023 EUR/USD continued to draw strong support from 55 D EMA (now at 1.0859) last week even though it is still bounded in range below 1.1011. In this article, we'll

AUD/USD’s steep decline last week mixed up the near term outlook. But for now, further fall is in favor this week as long as 0.6740 minor resistance holds. In this article, we'll detail AUD/USD Weekly Technical Forecast for Week 26, 2023.
AUD/USD Technical Outlook
Next target is 61.8% retracement of 0.6457 to 0.6898 at 0.6625. On the upside, above 0.6740 will turn intraday bias neutral first.

AUD/USD Weekly Forecast for Week 26, 2023 AUD/USD’s steep decline last week mixed up the near term outlook. But for now, further fall is in favor this week as long as 0.6740 minor resistance holds. In

USDCAD declined to as low as 1.3312 last week but lost momentum ahead of 1.3299 support. Initial bias is turned neutral this week first. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 24, 2023.
USD/CAD Technical Outlook
On the upside, break of 1.3460 resistance will turn bias back to the upside for 1.3653 resistance, to extend the triangle consolidation pattern from 1.
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USD/CAD Weekly Forecast for Week 24, 2023 USDCAD declined to as low as 1.3312 last week but lost momentum ahead of 1.3299 support. Initial bias is turned neutral this week first. In this article, we'll

Pound Sterling sellers flexed their muscles amid persistent demand for the safe-haven US Dollar, as the uncertainty over the US debt-ceiling issue sapped investors’ confidence. GBP/USD extended its corrective downside into the third week, despite the hot inflation data from the United Kingdom.
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GBP/USD Weekly Forecast for Week 22, 2023 Pound Sterling sellers flexed their muscles amid persistent demand for the safe-haven US Dollar, as the uncertainty over the US debt-ceiling issue sapped inves

Gold prices reached the record high area early last Thursday after the FOMC meeting, hitting $2,075 before correcting lower, with the decline accelerating after the release of the US Nonfarm Payroll (NFP) report. While XAU/USD initially broke out of a two-week range to the upside, it quickly pulled back, leaving a gloomy outlook and high volatility in its wake.

Gold Weekly Forecast for Week 19, 2023 Gold prices reached the record high area early last Thursday after the FOMC meeting, hitting $2,075 before correcting lower, with the decline accelerating after

EUR/USD stayed in consolidation below 1.1075 last week and outlook is unchanged. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 17, 2023.
EUR/USD Technical Outlook
Initial bias remains neutral this week. Expect further rise as long as 1.0830 support holds. On the upside, break of 1.1075 will resume larger up trend to 1.1273 fibonacci level. Break there will target 61.

EUR/USD Weekly Forecast for Week 17, 2023 EUR/USD stayed in consolidation below 1.1075 last week and outlook is unchanged. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 17, 2

Interim top confirmed, 0.7000 at risk
The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7248 on Friday, to close the trading week a handful of pips above it. Global stocks traded dully throughout the week, collapsing on Friday, dragging the commodity-linked currency down with them.
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AUD/USD Weekly Forecast for Week 15, 2023 Interim top confirmed, 0.7000 at risk The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7248 on Friday, to close the t

USD/CAD extend the consolidation from 1.3860 last week. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 13, 2023.
USD/CAD Technical Outlook
Initial bias remains neutral first. Further rally is expected as long as 1.3629 support holds. Firm break of 1.3860 will target 1.3976 high. However, break of 1.3629
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USD/CAD Weekly Forecast for Week 13, 2023 USD/CAD extend the consolidation from 1.3860 last week. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 13, 2023. USD/CAD Technical O

Despite dipping to 1.1801, GBP/USD quickly quickly rebounded after drawing support from 1.1840. In this article, we'll detail GBP/USD Weekly Technical Forecast for Week 11, 2023.
GBP/USD Technical Outlook
Initial bias stays mildly on the upside this week. Sustained trading above 55 day EMA (now at 1.2052) will argue that consolidation pattern from 1.2445 has complete.
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GBP/USD Weekly Forecast for Week 11, 2023 Despite dipping to 1.1801, GBP/USD quickly quickly rebounded after drawing support from 1.1840. In this article, we'll detail GBP/USD Weekly Technical Forecast

EUR/USD’s decline from 1.1032 continued last week and hit as low as 1.0535. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 09, 2023.
EUR/USD Technical Outlook
Initial bias stays on the downside this week for 38.2% retracement of 0.9534 to 1.1032 at 1.0463. Strong support could be seen around there to bring rebound, at least on first attempt. Break of 1.0668

EUR/USD Weekly Forecast for Week 09, 2023 EUR/USD’s decline from 1.1032 continued last week and hit as low as 1.0535. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 09, 2023

AUD/USD’s corrective fall from 0.7156 extended to 0.6854 last week but recovered since then. In this article, we'll detail AUD/USD Weekly Technical Forecast for Week 07, 2023.
AUD/USD Technical Outlook
Initial bias remains neutral this week first and another fall is mildly in favor. Break of 0.6854 will target 38.2% retracement of 0.6169 to 0.7156 at 0.6779. On the upside, break of 0.7010

AUD/USD Weekly Forecast for Week 07, 2023 AUD/USD’s corrective fall from 0.7156 extended to 0.6854 last week but recovered since then. In this article, we'll detail AUD/USD Weekly Technical Forecast

USD/JPY edged lower to 127.20 last week but turned sideway since then.. In this article, we'll detail USD/JPY Weekly Technical Forecast for Week 03, 2023.
USD/JPY Technical Outlook
Initial bias stays neutral this week first. There is no clear sign of bottoming yet, and another fall remains mildly in favor. Break of 127.20 will resume the whole decline from 151.93 and target 121.43
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USD/JPY Weekly Forecast for Week 04, 2023 USD/JPY edged lower to 127.20 last week but turned sideway since then.. In this article, we'll detail USD/JPY Weekly Technical Forecast for Week 03, 2023. USD

USD/CAD’s decline from 1.3704 continued last week but lost some momentum as seen in 4 hour MACD. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 03, 2023.
USD/CAD Technical Outlook
While further decline cannot be ruled out this week, downside should be contained above 1.3224 key support level. Above 1.3451 minor resistance will turn bias back to the upside for 1.3704
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USD/CAD Weekly Forecast for Week 03, 2023 USD/CAD’s decline from 1.3704 continued last week but lost some momentum as seen in 4 hour MACD. In this article, we'll detail USD/CAD Weekly Technical Forec

GBP/USD rebounded after edging lower to 1.1840 last week. In this article, we'll detail GBP/USD Weekly Technical Forecast for Week 02, 2023.
GBP/USD Technical Outlook
Break of 1.0286 minor resistance argues that correction from 1.2445 has completed after drawing support from 55 day EMA. Initial bias is now on the upside this week for retesting 1.2445 high. On the downside, however, break of 1.
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GBP/USD Weekly Forecast for Week 02, 2023 GBP/USD rebounded after edging lower to 1.1840 last week. In this article, we'll detail GBP/USD Weekly Technical Forecast for Week 02, 2023. GBP/USD Technical

EUR/USD’s up trend extended to 1.0733 last week but retreated since then. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 51, 2022.
EUR/USD Technical Outlook
Initial bias remains neutral this last week end. Further rally is expected as long as 1.0481 resistance turned support holds. Firm break of 61.8% projection of 0.9729 to 1.0481 from 1.0289 at 1.0754

EUR/USD Weekly Forecast for Week 51, 2022 EUR/USD’s up trend extended to 1.0733 last week but retreated since then. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 51, 2022.

AUD/USD stayed in range of 0.6641/0.6850 last week and outlook is unchanged. In this article, we'll detail AUD/USD Weekly Technical Forecast for Week 50, 2022.
AUD/USD Technical Outlook
Initial bias stays neutral this week first. On the downside, break of 0.6641 should confirm rejection by 0.6871 resistance. Intraday bias will be back on the downside for 0.6521 resistance turned support.
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AUD/USD Weekly Forecast for Week 50, 2022 AUD/USD stayed in range of 0.6641/0.6850 last week and outlook is unchanged. In this article, we'll detail AUD/USD Weekly Technical Forecast for Week 50, 2022.

USD/JPY’s fall from 151.93 resumed last week and hit as low as 133.61. In this article, we'll detail USD/JPY Weekly Technical Forecast for Week 49, 2022.
USD/JPY Technical Outlook
Accordingly, the initial bias stays on the downside this week for 133.07 medium term Fibonacci level or further to 55 week EMA. Also, on the upside, break of 137.66
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USD/JPY Weekly Forecast for Week 49, 2022 USD/JPY’s fall from 151.93 resumed last week and hit as low as 133.61. In this article, we'll detail USD/JPY Weekly Technical Forecast for Week 49, 2022. US

USD/CAD failed to break through 1.3494 support turned resistance and retreated. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 48, 2022.
USD/CAD Technical Outlook
Initial bias stays neutral last week first. On the upside, firm break of 1.3494 will indicate that correction from 1.3976 has completed at 1.3224, ahead of 1.3207 cluster support (61.8% retracement of 1.2726
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USD/CAD Weekly Forecast for Week 48, 2022 USD/CAD failed to break through 1.3494 support turned resistance and retreated. In this article, we'll detail USD/CAD Weekly Technical Forecast for Week 48, 20

XAUUSD needs to clear $1,780 to stretch higher
Gold price started the new week under modest bearish pressure. Though it managed to regain its traction before staging a downward correction toward the end of the week. XAUUSD ended up closing the week little changed above $1,750. The minutes of the Federal Reserve’s October policy meeting and PMI surveys next week could impact the US Dollar’s (USD)

Gold Weekly Forecast for Week 47, 2022 XAUUSD needs to clear $1,780 to stretch higher Gold price started the new week under modest bearish pressure. Though it managed to regain its traction before s

Pound Sterling eyes acceptance above 1.1800
GBPUSD swung from a two-week low to a two-month top in a matter of a few days. This is after having climbed toward 1.1800 ahead of the weekend. The pair benefited from the US Dollar weakness, which extended on narrowing gap between monetary policies from the United States (US) and the United Kingdom (UK).
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GBP/USD Weekly Forecast for Week 46, 2022 Pound Sterling eyes acceptance above 1.1800 GBPUSD swung from a two-week low to a two-month top in a matter of a few days. This is after having climbed toward

The EURUSD pair plummeted to 0.9729 on Thursday, finishing the week marginally lower above the 0.9900 threshold. The United States Federal Reserve (Fed) unexpectedly boosted the US Dollar mid-week by surprising market players with a hawkish monetary policy stance. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 45, 2022.

EUR/USD Weekly Forecast for Week 45, 2022 The EURUSD pair plummeted to 0.9729 on Thursday, finishing the week marginally lower above the 0.9900 threshold. The United States Federal Reserve (Fed) unexpec

AUD/USD Technical Outlook
AUD/USD’s rebound from 0.6169 continued last week but failed to break through 0.6539 resistance and retreated. Initial bias is neutral this week first. On the upside, decisive break of 0.6535, and sustained trading above 55 day EMA (now at 0.6564), will raise the chance of medium term bottoming, and target 0.6680 support turned resistance next. On the downside, below 0.
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AUD/USD Weekly Forecast for Week 44, 2022 AUD/USD Technical Outlook AUD/USD’s rebound from 0.6169 continued last week but failed to break through 0.6539 resistance and retreated. Initial bias is neut

USD/JPY Technical Outlook
USD/JPY’s up trend extended to as high as 151.93 last week but retreated sharply, on Japan’s intervention. Considering bearish divergence condition in 4 hour MACD, a short term top should be formed. Initial bias is mildly on the downside this week for deeper decline. But downside should be contained by 38.2% retracement of 130.38 to 151.93 at 143.69 to bring rebound.
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USD/JPY Weekly Forecast for Week 43, 2022 USD/JPY Technical Outlook USD/JPY’s up trend extended to as high as 151.93 last week but retreated sharply, on Japan’s intervention. Considering bearish di

Volatility set to continue, eyes on UK bond market, inflation
Last week was another dramatic week for GBP/USD, as speculations over the UK monetary and fiscal policies kept GBP bulls afloat despite red-hot US inflation and steeper Fed rate hike bets. Cable recovered swiftly from two-week lows of 1.0923
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GBP/USD Weekly Forecast for Week 42, 2022 Volatility set to continue, eyes on UK bond market, inflation Last week was another dramatic week for GBP/USD, as speculations over the UK monetary and fiscal

XAU/USD remains sensitive to US yields as focus shifts to CPI
Gold managed to build on the previous week’s gains and rose decisively on last week Monday. The break above $1,700 attracted technical buyers on Tuesday. This caused XAU/USD climbed to its highest level since September 12 at $1,730 mid-week.

Gold Weekly Forecast for Week 41, 2022 XAU/USD remains sensitive to US yields as focus shifts to CPI Gold managed to build on the previous week’s gains and rose decisively on last week Monday. The

Corrective advance may continue, but the EUR is doomed
The EUR/USD pair started last week on the back foot, falling to a fresh 22-year low of 0.9535. It changed course mid-week to post substantial gains and then settling at around the 0.9780 threshold. In this article, we'll detail EUR/USD Weekly Technical Forecast for Week 40, 2022.

EUR/USD Weekly Forecast for Week 40, 2022 Corrective advance may continue, but the EUR is doomed The EUR/USD pair started last week on the back foot, falling to a fresh 22-year low of 0.9535. It change