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Jun
17

EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.

 

Apr
24

GBP/USD D1 Technical April 24

GBP/USD is not showing clear trend. But on the long term we are expecting GBP/USD to remain bullish. Today’s resistance is around 1.5315 level. If pair manage to break through its resistance and H4 closure above 1.5315 level then cable will continue its uppish trend and will target 1.5400 level.

The scenario will be vanished. If GBP/USD didn’t hold its support 1.5190 level, it will then allow pair to dropped towards south and target 1.5150-100 level respectively.

 

Apr
24

EUR/USD D1 Technical April 24

The outlook for EUR/USD is bearish for today. Bollinger bands are also providing sell signals for the pair. Today EUR/USD will test its support at 1.2950 level. If EUR/USD manage to break this level and H4 candle closure below 1.2950 level then it will show more bearish potential and EUR/USD will then fall towards south and target 1.2900 level.

On the other hand. If pair manage to overcome its physical level and H4 candle closure above 1.3000 level then EUR/USD will start moving upward and target 1.3070 level. Break of 1.3070 level will further allow pair to move northward and target 1.3140 level respectively.

High impact News of EUR can affect the move of pair. News like German Ifo Business Climate.

 

Apr
16

USD/CAD D1 Technical April 16

The outlook for the pair is bearish for today. USD/CAD will test its support at 1.0280 level.  Bollinger bands are also showing sell signals for the pair. If pair manage to break its support level and H4 candle close below 1.0180 level it will further allow pair to dropped towards south. On the contrary, If USD/CAD manage to hold its support and give a day closure above its support level then pair will gain bullish strength and target will be 1.0280 level.

High impact News of USD can change the scenario. News like Building Permits, Core CPI m/m.

 

Apr
9

AUD/USD D1 Technical April 09

The outlook for the Aussies is bullish. Pair is currently testing its resistance at 1.0493 level. Bollinger bands are showing buy signals for AUD/USD. Price action on this level should be carefully watch. If pair manage to break 1.0493 level then it will indicate strong bullish strength which will allow AUD to further move towards north. The scenario will be vanished, If AUD/USD didn’t manage to break its resistance level and H4 candle close below 1.0493 level.

 

Apr
2

USD/CHF D1 Technical April 02

USD/CHF is in bearish mood today. Pair will test its support at 0.9438 level. If USD/CHF manage to breakthrough this level , it will then allow pair to continue its bearish trend and test its next support at 0.9380 level. But if pair hold 0.9438 level and give a day closing above this level then pair is expected to move up again and target 0.9550 level.

Apr
1

USD/CHF D1 Technical April 01

USD/CHF is likely to go up first and test its resistance at 0.9550 level and get a pull back. If pair manage to break 0.9550 level and H4 candle close above it. Then USD/CHF will continue its uppish trend. But if pair fails to break 0.9550 level and H4 candle close below resistance then pair will get bearish strength. Which will allow USD/CHF to fall towards southward.

High impact News can affect the pair. News like ISM Manufacturing PMI.

Mar
6

EUR/USD D1 Technical March 06

EUR/USD is currently testing its resistance 1.3070 level. Yesterday pair got a pull back from this level and dropped up to 65 pips. Now if EUR manage to breakthrough this level and H4 candle close above this level, it will then allow pair to move further towards north. But scenario will be change if pair get bounces under resistance level, it will then indicate pair don’t have enough strength to go up and EUR/USD will then fall rapidly.

High impact News of USD can affect the movement of pair. News like ADP Non-Farm Employment Change.

Mar
1

GBP/USD D1 Technical March 01

Yesterday cable got bullish but didn’t manage to give a day closing above resistance level 1.5215 level. Now pair is again testing its resistance at 1.5215 level. If pair manage to break this level and H4 candle close above it then GBP/USD will further move towards north. On the contrary, day closing of pair below resistance will allow pair to fall rapidly towards 1.5050 level.

High impact News can affect the trend of GBP/USD. News like  Manufacturing PMI, ISM Manufacturing PMI and Fed Chairman Bernanke Speaks.

Feb
26

EUR/USD D1 Technical February 26

Yesterday in late session EUR/USD manage to break its support 1.3140 level and after closure of H4 below support rapidly dropped up to 100 pips. Now pair is in bearish strength. EUR/USD will now face its next support at 1.2988 level. Price action on this level should be carefully watch. Pair can get a pull back from support area because Bollinger bands are tighten due to oversold of pair. On the contrary, If pair manage to break support level and give a daily closure below 1.2988 level then it will further allow pair to target southward.

High impact News can affect the Trend of EUR/USD. News like CB Consumer Confidence, Fed Chairman Bernanke Testifies and New Home Sales.