Browsing all articles tagged with bearish
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
2

EUR/USD D1 Technical July 02

EUR/USD will remain in bearish trend under 1.3106 level. Bollinger bands are showing sell signals for the pair.  If pair manage to break through its resistance 1.3106 level and h4 candle chart closure above resistance then pair will show bullish potential  and EUR/USD will then continue its uppish trend towards 1.3150-70 level respectively.

But if pair fails to break its resistance and H4 candle closure below 1.3100 then it will provide a valid sell entry point with stop loss just located above 1.3006 and take profit at 1.3010 level.

 

Jun
26

EUR/USD D1 Technical June 26

EUR/USD is in bearish mood. The target for the pair is to face its support around 1.3006 level. Bollinger bands are also providing sell signals for the pair. Price action on 1.3006 level should be carefully handle.

EUR/USD can get a pull back from this zone D1 and H4 candle chart are showing group of buyers in this zone.  So if pair get a bounce from 1.3006 level and H4 candle closure above support, it will then provide a valid buy entry point and take profit at 1.3200 level.

On the other hand, If pair manage to break through its support level 1.3006 and H4 or D1 candle close below this level then it will show pair got more bearish strength that will allow pair to continue its movement towards southward.

 

Jun
25

GBP/USD D1 Technical June 25

The outlook for the cable is bearish under 1.5512 level. Bollinger bands are showing sell signals for the pair. Today’s support lies at 1.5330 level. If GBP/USD manage to break through this level and H4 candle closure below this level then pair will dropped further towards south and target will be 1.5270 level.

On the other hand, Break through resistance 1.5512 level will allow pair to continue its uppish trend towards 1.5600 level.

High impact News can affect the movement of GBP/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales, Inflation Report Hearings.

Jun
24

GBP/USD D1 Technical June 24

The outlook for the pair is now bearish below 1.5415 level. Bollinger bands are showing sell signals for the pair. But price action on 1.5415 level should be carefully watch.

If GBP/USD manage to break its resistance and H4 candle closure above 1.5415 then pair will move further towards northward. But if pair fails to break 1.5415 level and H4 candle closure below resistance level  then it will indicate more bearish strength that will take the pair towards 1.5260 level.

Jun
24

AUD/USD D1 Technical June 24

Bollinger bands are not providing clear signal because of oversold. Now the support is at 0.9160 level and resistance is around 0.9318 level. Pair  is expected to move down and test its support first.

Price action on this level should be carefully watch. If Aussies manage to break through its support level and H4 candle closure below 0.9160 level then it will indicate more bearish potential and AUD/USD will then continue its bearish trend and target 0.9100 level.

On the contrary, If pair manage to hold its support level and get bounce then pair will start to move towards northward and target 0.9318 level.

Jun
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.

 

Jun
18

USD/CAD D1 Technical June 18

USD/CAD is in bullish mood today. Pair manage to hold its support 1.0145 level and start moving towards northward. Now pair is expected to test its resistance at 1.0250 level. Bollinger bands are not showing clear signals yet. If pair break 1.0250 level then it will allow pair to face 1.0290 level which is acting as a strong resistance.

Price action on 1.0250 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below resistance then pair will start bearish trend.

High impact Data’s of USD can affect the pair. News like Building Permits, Core CPI m/m.

 

Jun
17

USD/CAD Technical June 17

Bollinger bands are showing sell signals for USD/CAD. Break of 1.0142 level is needed to confirm the bearish trend. If pair manage to break this level today and H4 candle closure below support level then USD/CAD will continue its bearish trend.

The scenario will be vanished, If pair manage to break 1.0234 level and H4 candle closure above it then it will show bullish strength that will take USD/CAD further up towards northward.

Jun
11

EUR/USD D1 Technical June 11

Pair is trading in a range of 1.3170-1.3306 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through 1.3306 level and H4 candle closure above this level then it will open gates towards north and EUR/USD will move upward and target 1.3400 level.

On the contrary, If pair fails to break 1.3306 level and H4 candle closure close below 1.3300 level it will then indicate pair got bearish and provide a valid sell entry and target will be 1.3175 level.