USD/CAD D1 Technical May 24

UMOfx Analyst    Forex Updates, Technical Analysis, USD/CAD     bearish, break, Core Durable Goods Orders m/m, fall, forex, forex exchange, Forex Trading, H4, move, northward, pips, price action, pull back, strength, USD, USD/CAD

USD/CAD get a strong pull back from 1.0390 level and target  around 90 pips yesterday. Now the support is at 1.0280 level. Price action on this level should be carefully watch.

If USD/CAD break through its support and H4 candle closure below this level, it will then indicate bearish strength and pair will continue to fall towards 1.0200 level.

On the contrary. Break of 1.0390 level, will take pair to target 1.0420-45 level respectively. If pair manage to give a weekly closure above 1.0445level then USD/CAD will further move towards north.

High impact News of USD can affect the trend of USD/CAD. News like Core Durable Goods Orders m/m.

GBP/USD D1 Technical May 24

UMOfx Analyst    Forex Updates, GBP/USD, Technical Analysis     cable, Core Durable Goods Orders m/m, fall, forex, forex exchange, Forex Trading, GBP/USD, H4, hold, movemant, northward, resistacne, uppish trend

GBP/USD is expected to continue its uppish trend. As long pair hold 1.5080 level pair will make bullish moves. Cable is expected to go northward and face its next resistance at 1.5213 level.

If GBP/USD manage to break this level and H4 candle close above this level then pair will continue its movement and target 1.5260-80 level.

On the contrary, If pair fails to hold 1.5080 level and H4 candle closure below this level then pair will rapidly fall towards 1.5028.

High impact News can affect the move of GBP/USD. News like Core Durable Goods Orders m/m.

EUR/USD D1 Technical May 24

UMOfx Analyst    EUR/USD, Forex Updates, Technical Analysis     Bollinger bands, bullish, EUR, EUR/USD, forex, forex exchange, Forex Trading, move, resistacne\overcome, strength, trend, uppish

Bollinger bands are showing sell signals but as long 1.3006 level not broken EUR/USD will remain bearish. Pair is expected to move up today. Yesterday EUR/USD manage to give a day closure above 1.2900 level which will provide some bullish strength and EUR/USD is expected to move up and face its resistance at 1.2955 level.

If pair break through its resistance then pair will target towards 1.3006 level. Price action on 1.3006 level should be carefully watch. If EUR manage to overcome this level and Weekly closure above 1.3006 then pair will continue its uppish trend.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, German Ifo Business Climate.

AUD/USD D1 Technical May 24

UMOfx Analyst    AUD/USD, Forex Updates, Technical Analysis     AUD/USD, Aussies, Bollinger bands, D1, forex, forex exchange, Forex Trading, movement, overslod, pull back, scenario

AUD/USD is under pressure.  Yesterday pair make retracement but get a strong pull back from 0.9775 level and now trading around 0.9680 level. Bollinger bands are showing oversold for the pair. Price action on 0.9600 level should be carefully handle.

If Aussies manage to break this physical level and D1 closure below 0.9600 level it will then open gates towards south and AUD will continue its bearish trend towards 0.9350 level.

On the other hand. D1 closure above 0.9840 will change the scenario and pair will start to move towards northward.

High impact News can affect the movement of AUD/USD. News like Core Durable Goods Orders m/m.

USD/CAD D1 Technical May 23

UMOfx Analyst    Forex Updates, Technical Analysis, USD/CAD     Bollinger bands, break, bullish, forex, forex exchange, Forex Trading, H4, overcpme, pull back, resistance, scenario, strength, target, USD/CAD, watch

USD/CAD manage to overcome 1.0340 level and now target near 1.0400 level. W1 is showing resistance from 1.0420-45 level. Price ation on this resistance zone should be watch. Pair is expected to get a pull back from this zone.

There can be two scenario. First, If USD/CAD get a pull back from resistance zone and H4 candle close below 1.0417 then it will provide a valid sell entry with stop loss located above 1.0450 level.

Secondly, If Pair break 1.0450 level and H4 candle close above 1.0450 then it will indicate pair got more bullish strength and USD/CAD will then further move upward.

High impact News can affect the pair. News like Unemployment Claims, New Home Sales.

GBP/USD D1 Technical May 23

UMOfx Analyst    Forex Updates, GBP/USD, Technical Analysis     bearish, Bollinger bands, D1, downward, forex, forex exchange, Forex Trading, GBP/USD, H4, move, New Home Sales, price action, Second Estimate GDP q/q, strength, support, trend, Unemployment claims, vanished

GBP/USD is in bearish trend.  Pair is expected to move down and test its support at 1.4980 level. Price action on this level should be carefully watch. D1 and H4 chart are showing group of buyers in this zone.

If GBP/USD manage to hold this level and give a day closure above 1.5035 level then pair will move towards northward. The scenario will be vanished, if pair break its support and D1 closure below 1.4980 level. It will then indicate more bearish strength and Cable will then continue its downward trend.

High impact News can affect the trend of GBP/USD. News like Unemployment Claims, New Home Sales, Second Estimate GDP q/q.

EUR/USD D1 Technical May 23

UMOfx Analyst    EUR/USD, Forex Updates, Technical Analysis     Bollinger bands, break, dropped, ECB President Draghi Speaks, EUR/USD, forex, forex exchange, Forex Trading, French Flash Manufacturing PMI, German Flash Manufacturing PMI, H4, New Home Sales, outlook, pips, pull back, scenario, southward, support, trend, Unemployment claims, uppish

Yesterday in late session EUR/USD got a strong pull back from 1.3000 level and dropped upt0 167 pips. Now the outlook for the pair is bearish.  Bollinger bands are also providing sell signals for the pair.

Pair is expected to move first up to 1.2880-900 level and then start falling towards southward and target its support at 1.2798 and further downward.

On the other hand. If pair manage to break 1.2950 level and H4 candle closure above this level it will then indicate change in trend and EUR/USD will then continue its uppish trend.

High impact News can change the scenario. News like  Unemployment Claims, New Home Sales, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks.

AUD/USD D1 Technical May 23

UMOfx Analyst    AUD/USD, Forex Updates, Technical Analysis     AUD/USD, Aussies, bearish, Bollinger bands, break, forex, forex exchange, Forex Trading, New Home Sales, overslod, price action, southward, strength, support, Unemployment claims

AUD/USD is under pressure. Bollinger bands are tighten due to oversold of Aussies. Now the support is around 0.9600 level.  Price action on this level should be carefully watch.

If pair manage to break this level and give a day closure below 0.9600 level it will indicate more bearish strength and AUD/USD will then further move towards southward.

On the contrary, If AUD/USD manage to hold this physical level and give a day closure above 0.9660 level then it will provide a valid buy entry.

High impact News can affect the movement of AUD/USD. News like Unemployment Claims, New Home Sales.

USD/CAD D1 Technical May 21

UMOfx Analyst    Forex Updates, Technical Analysis, USD/CAD     Bollinger bands, break, bullish, H4, move, price ction, resistance, resistsnce, target, trend, upward, USD/CAD

The outlook for USD/CAD is bullish for today. Bollinger bands are providing buy signals for the pair. Pair is likely to move upward and face its resistance at 1.0308 level. If pair manage to break this level then it will rapidly move upward and target 1.0340 level which is acting as a strong resistance.

Price action on 1.0340 level should be handle carefully. If pair manage to overcome this level and H4 candle closure above this level then USD/CAD will continue its bullish trend.

GBP/USD D1 Technical May 21

UMOfx Analyst    Forex Updates, GBP/USD, Technical Analysis     Asian session, cable, dropped, forex, forex exchange, Forex Trading, GBP/USD, H4, price action, support, target, watch

GBP/USD didn’t manage to give a day closure above 1.5260 level yesterday and dropped in Asian session. As 1.5150 level is also broken so GBP/USD is expected to continue move downward and target 1.5090 level.

On the contrary, Price action on 1.5090 level should be carefully watch. If pair manage to hold this level and H4 candle closure above support level then it will provide a valid buy entry.