Browsing all articles from January, 2013
Jan
31

USD/CHF D1 Technical January 31

We are seeing some bearish strength in USD/CHF. Pair is testing its support at 0.9083 level. If pair manage to breakthrough this key level then it will gain more bearish strength and will dropped towards south. Price action on this level is important to watch. If H4 candle close above this level, it  will then allow pair to move upward.

High impact Data can affect the USD/CHF. Data like Unemployment Claims.

Jan
31

GBP/USD D1 Technical January 31

Pair is in bullish strength today. Pair will test its resistance at 1.5850 today. If pair manage to break this level today and H4 candle close above 1.5850, then Cable will continue its uppish trend.

High impact News of USD can affect the trend of GBP/USD. News like Unemployment Claims.

Jan
31

EUR/USD D1 Technical January 31

As we said in our last article pair is in bullish mood. EUR still have bullish strength but we are expecting  pair to move down for correcting. Today’s resistance is around 1.3588 level , If pair manages to break this level then it will target 1.2600-30 level. If H4 candle close below resistance then EUR/USD will start moving  downward and target 1.3500 level.

High impact News can affect the pair. News like Unemployment Claims.

Jan
31

AUD/USD D1 Technical January 31

 The trend for the pair is neutral , The rate is on last Bollinger so there can be some correction. Yesterday AUD target  50 percent Fibonacci. If pair manage to close below this level today then we will see further southward movement towards  38.2 percent Fibonacci retracement. On the contrary, 1.0480 level will change the scenario and pair will target 1.0500-20 respectively.

Lately high impact News can change the scenario. New like Unemployment Claims and PPI q/q.

Jan
30

USD/CHF D1 Technical January 30

As for our prediction yesterday USD/CHF manage to break its support 0.9240 level and target 0.9200 level. Now the support is around 0.9185 level. Bollinger bands are showing sell signals for the pair. We are expecting pair to continue its bearish trend and test its support. Breakthrough 0.9185 level will allow pair to move further towards south.

High impact Data’s can affect the movement of USD/CHF. Data’s like ADP Non-Farm Employment Change and FOMC Statement.

Jan
30

AUD/USD D1 Technical January 30

After getting a support from 1.0385 level pair continue its uppish trend and now AUD is testing upper limit of bearish channal around 1.0490 level and suggested a decline. However if pair manage to break 1.0490 level and give a daily closing above this level then AUD/USD will get more strength to target North.

High impact News of USD can affect the trend of AUSD/USD. News like ADP Non-Farm Employment Change and FOMC Statement.

Jan
30

GBP/USD D1 Technical January 30

Cable is testing its rersistance at 1.5780 level and we are expecting GBP/USD to get a pull back.If H4 candle close below this level then we will see southward movement of pair. On the contrary, breakthrough 1.5780 level will provide accelaration to pair and it will target 1.5825 level.

High impact News can change the scenario. News like ADP Non-Farm Employment Change and FOMC Statement.

Jan
30

EUR/USD D1 Technical January 30

As we said in last artical, Eur have strength to give a buy breakout. Today pair will test resistance around 1.3535 level. We are expecting some downward movement in EUR/USD for correction, but over all pair has a bullish strength. If pair manage to close above 1.3500 level today, it will indicate a new bullish potential for the pair.

Lately High impact News can change the scenario. News like Italian 10-y Bond Auction, ADP Non-Farm Employment Change and FOMC Statement.

Jan
29

AUD/USD D1 Technical January 29

As we said in last artical the rate is in oversold zone and there can be some replacement. So, pair got support around 1.0380 level and move upward. Today AUD/USD is likely to test its daily resistance 1.0475-80 level. If pair manage to breakthrough this level, it will then target 1.0520 level respectively. D1 and H4 chart are showing buy signals for the pair.

High Impact News can affect the movement of AUD/USD. News like CB Consumer Confidence.

Jan
29

EUR/USD D1 Technical January 29

EUR still have strength to give a buy breakout. Today’s resistance is around 1.3475-80 level. But we are expecting pair to move down first and target 1.3410-400 level and then move towards northward. If today EUR/USD manage to break resistance of 1.3480 level and give a daily clouser above resistance zone, then it will indicate a strong bullish strength and slowly or quickly we will see EUR targeting further northward.

High impact News of USD can change the scenario. News like CB Consumer Confidence.