Browsing all articles tagged with break
Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

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
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
24

EUR/USD D1 Technical June 24

EUR/USD is under pressure. Bollinger bands are providing sell signals for the pair. Below 1.3170 level pair will remain in bearish trend. The expected target for the EUR is 1.3015 level.

But there can be two scenario. First, If EUR/USD manage to break through 1.3170 level and H4 candle closure above resistance then pair will further move upward. Secondly,  If pair get a pull back from resistance zone and H4 candle closure below 1.3170 then it will provide a valid sell entry point targeting towards support 1.3015 level.

High impact News can change the scenario. News like German Ifo Business Climate.

 

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
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

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
13

USD/CAD D1 Technical June 13

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend. Bollinger bands are showing buy signals for the pair.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

High impact Data’s of USD can change the scenario. Data’s like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
13

EUR/USD D1 Technical June 13

Yesterday EUR/USD manage to break its resistance 1.3306 level. Today’s resistance is at 1.3407 level. Price action on this level should be carefully watch. Pair can get a pull back from 1.3407 level.

If EUR/USD manage to overcome its resistance and H4 candle closure above  1.3407 level then it will indicate pair got more bullish strength that will take pair further upward.

On the other hand, If pair didn’t manage to break through its resistance and H4 candle chart closure below 1.3407 level then EUR/USD will start falling towards southward and target 1.3310 level.

High impact News can affect the Trend of EUR/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.