Browsing all articles from November, 2012
Nov
30

USD/CAD D1 Technical November 30

Pair is still trapped in small range of 0.9900-0.9965 levels. Breakthrough any level will clear the trend.

High Impact News of CAD can give some moves to USD/CAD. News like GDP m/m.

Nov
30

GBP/USD D1 Technical November 30

Today Cable will face resistance at 1.6060 level. If GBP/USD manages to break this level, it will go further upward and target 1.6100-20 respectively. On the other hand close of H4 candle below 1.6060 level will indicate bearish strength.

Nov
30

EUR/USD D1 Technical November 30

Yesterday in New York session EUR/USD got a pull back from its resistance area and dropped up to 75 pips. Pair still has strength to break its resistance level. So, price action on 1.3019 level should be watch carefully, break through this level will take pair northward.

High Impact Data of ECB President Draghi Speaks can change the scenario.

Nov
30

AUD/USD D1 Technical November 30

Yesterday AUS/USD breaks its support of 1.0427. Before going southward pair will test resistance at 1.0465-70 level. If H4 candle close below resistance area, it will indicate bearish strength, then pair will continue its downward trend.

Nov
29

USD/CAD D1 Technical November 29

Yesterday USD/CAD tests its resistance at 0.9965 but dropped up to 50 pips. Price action on 0.9965 to 0.9900 levels should be watch carefully. Break of these point will clear the trend for USD/CAD.

High impact News of Prelim  GDP q/q, Unemployment Claims and Pending Home Sales m/m can affect the pair.

Nov
29

AUD/USD D1 Technical November 29

AUD/USD trapped in a range of 1.0425-1.0500 levels. We are seeing some bullish strength in pair. If Aussies manages to hold its support today, it should then break 1.0500 level.

High impact News can affect the trend of AUD/USD. News like Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.

Nov
29

EUR/USD D1 Technical November 29

EUR/USD will face resistance at 1.3019 today. Price action on 1.3000-19 levels should be carefully watched. If H4 candle close above 1.3019 level, it will indicate strong bullish strength and pair will continue its northward movement.

High impact Data’s of USD can affect the movement of EUR/USD. Data’s like Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.

Nov
29

GBP/USD D1 Technical November 29

Yesterday in New York session Cable manages to break its support level of 1.5970 but didn’t go further down because  New Home Sales News came negative. Outlook for the GBP/USD is bullish for today. If pair manages to holds its trend line, uppish trend will remain intact.

Later on high impact News can change the scenario. News like BOE Gov King Speaks, Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.

Nov
28

USD/CAD D1 Technical November 28

USD/CAD is showing mix trend, however rate is trapped in small range of 0.9965-0.9900 level. Break of these levels will clear the trend of USD/CAD.

High impact News of New Home Sales can affect the pair.

Nov
28

GBP/USD D1 Technical November 28

Cable is testing its support at 1.5970 level. Price action on this level should be watch carefully, breakthrough 1.5970 will open gate for GBP/USD and pair will target 1.5950-20 levels respectively. D1 and H4 are showing bearish strength for the pair.

High impact news can affect the trend of GBP/USD. News like New Home Sales.