Browsing all articles tagged with bearish channel
Aug
13

USD/CAD D1 Technical August 13

USD/CAD outlook on daily chart remain mildly bearish as the cable break the lower limit of the bearish channel resulting in a steeper fall, now the cable has a minor resistance at 0.9922 and R2 at 1.0065,closure above R(2) will indicate reversal signal otherwise the cable should test the 0.9799 support area.

Aug
13

USD/JPY D1 Technical August 13

On daily chart outlook of USD/JPY remains neutral for the moment as consolidations from 77.90 continues. More sideway trading could be seen. But even in case of another upside move, upside should be restricted by 79.13 resistance as the cable touches the upper limit of the bearish channel.

Aug
10

USD/CAD D1 Technical August 10

USD/CAD broke the lower limit of the bearish channel resulting in s sudden sell down. On daily chart the cable has a support at 0.9886 and resistance at 0.9943 as the support become resistance, closure below the support will be strongly bearish. U.S. Import prices m/m, Federal Budget Balance data that can change the rate of the pair.

Aug
1

USD/JPY D1 Technical August 1

USD/JPY outlook on daily chart is neutral but as the cable is trading in a tight range which could be a sign of recovery, we recommend buying as the cable broke the bearish channel. ADP Non-Farm Employment Change, ISM Manufacturing PMI can affect the rate of pair.

Jul
30

USD/JPY D1 Technical July 30

USD/JPY has a support at 78.02 and resistance at 78.53,if the cable manges to break the bearish channel and close above 78.53 the next target will be 79.14 from which the cable will again start its fall. Below 77.94 should send USD/JPY through 77.66 low to 75.56/76.02 support zone.

Jul
27

EUR/GBP D1 Technical July 27

EUR/GBP broke the bearish channel and now trading at 0.7814 and will face resistance at 0.7844 and support at 0.7796, break of support will be violently bearish.

Jul
25

USD/JPY D1 Technical July 25

USD/JPY is trading in a narrow bearish channel and will face resistance at 78.35 and support at 77.96 low, break of 77.96 will send the cable to 77.60 and if the pair break 77.60 support, the next support area will 75.50-75.65, closure above 79.13 will be bullish. U.S New Home Sales data can affect the rate of pair.

Jul
25

GBP/USD H1 Technical July 25

GBP/USD is trading in a narrow bearish channel and the pair is trading in a sideway trend, so we recommend buy deals from support and sell deals as soon as the pair reaches the resistance at 1.5521.U.S New Home Sales data can affect the rate of pair.

Jul
23

USD/JPY D1 Technical July 23

USD/JPY’s decline continues to as low as 77.94 today and intraday outlook remains on the downside for 77.66 support. Break will resume the whole decline from 84.17 and will target a test on 75.56/76.02 support zone. On the upside, above 78.48 resistance will give the pair some strength as its enter in a bearish channel to test the upper limit of bearish channel at 79.20

Jun
5

USD/JPY Technical Analysis for June 5

 

USD/JPY is in the bearish channel since it tests 84.19. Now the pair is developing the ascending movement to test the upper limit of the channel and after touching the upper limit of bearish channel giving short signal it is recommended to sell at the upper limit of bearish channel at 79.05. The next target of impulse wave will be 76.60 after completion of the short term ascending movement.