Jul
8

USD/CAD D1 Technical July 08

Pair is in bullish mood. Support is around 1.0555 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0555 then par will continue its uppish trend. Pair is expected to target 1.0660 level in this week. On W1 chart 1.0660 level is a strong resistance level pair can get a strong pull back from this are. So, pair action on this level should be carefully watch. If pair get a pull back and H4 candle closure below 1.0650 level the it will provide a valid sell entry point with stop loss just located above 1.0685 and take profit at 1.0400 level.

High impact news can affect the trend of USD/CAD. News like Building Permits m/m.

Jul
8

GBP/USD D1 Technical July 08

GBP/USD  is so weak there is no  signals for long trade. Bollinger bands are providing sell signals for the pair. If pair manage to reached to 1.4950 level and get a pull back and H4 candle closure below this level then pair will start moving towards southward.

Today pair is expected to move more downward   and target 1.4830 level. Then price action on this level should be watch. D1 and H4 chart are showing group of buyers in this area. if pair get a bounce and H4 and D1 candle closure above 1.4900 then it will indicate buy signals for the cable.

Jul
8

EUR/USD D1 Technical July 08

On last Friday, pair get bearish and dropped towards 1.2830 level.  Bollinger bands are still showing bearish signal.  Pair is expected to test its next support at 1.2750 level.

There can be two scenarios. Firstly, If pair manage to reached to 1.2860 level then we can sell this pair with stop loss above 1.2900 level and take profit at 1.2800.

Secondly, If pair manage to break 1.2900 level then we can buy this pair and take profit at 1.2950 level. If pair get a pull back from 1.2950 level then pair will fall again towards 1.2850 level.

High impact News can affect the movement of pair. News like Eurogroup Meetings, ECB President Draghi Speaks.

 

Jul
8

AUD/USD D1 Technical July 08

AUD/USD is under pressure. Pair is trading near 0.9050 level. Pair is expected to continue its bearish trend and target 0.9030-00 level. Bollinger bands are not providing clear signals for the pair. Price action on 0.9000 level should be watch.

If AUD manage to hold this level and get a bounce then it will indicate pair has some bullish strength that will allow pair to continue its uppish movement, On the contrary, If pair fails to hold its support level and D1 candle closure below this level then it will indicate more bearish strength and pair will then continue its bearish trend.

Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

High impact Data’s can affect the pair. Data’s like Non-Farm Employment Change, Unemployment Rate, Employment Change, Ivey PMI.

Jul
5

GBP/USD D1 Technical July 05

GBP/USD is under pressure. Pair get a strong pull back from 1.5260 level and dropped up to 250 level. Now the support is around 1.5000 level. H4 and D1 candle chart are showing buyers in this area. If Cable manage to hold this physical level then pair will test its today’s resistance at 1.5125 level.  Further bullish scenario will be confirmed if pair manage to give a day closure above 1.5125 level then pair will continue its bullish trend towards 1.5260 level.

On the other hand, If pair didn’t manage to hold its support level 1.5000 then pair will fall rapidly towards southward and target 1.4950 level.

High impact News can affect the trend of GBP/USD. News like Non-Farm Employment Change, Unemployment Rate.

Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

Jul
5

AUD/USD D1 Technical July 05

Yesterday Aussies manage to break its resistance 0.9107 and target 0.9175 level. Today’s resistance is at 0.9190 level. Pair is expected to break this level and test its next resistance around 0.9250-80 level. Price action on 0.9250 level should be carefully handle.

If AUD/USD manage to break through its resistance 0.9190 level and H4 candle closure above this level then it will indicate bullish strength that will take AUD further up towards 0.9250-80 level.

The scenario will be vanished. If pair didn’t manage to hold its support level 0.9107 level and H4 candle closure below this level then pair will start moving southward and target will be 0.9050 level.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.