Browsing all articles tagged with break through
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
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
12

GBP/USD D1 Technical June 12

The long term outlook for the Cable remain bullish. Yesterday GBP/USD manage to hold its physical level 1.5500 and got a bounce from 1.5517 level. Pair is expected to continue its bullish structure and face its resistance today at 1.5692 level.

Price action on 0.9692 level should be carefully handle. If GBP/USD manage to break through 1.5692 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change.

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.

 

Jun
10

EUR/USD D1 Technical June 10

EUR/USD test its resistance at 1.3306 level but get a pull back from this level. Now EUR/USD is expected to face support at 1.3145 level.

Price action on this level should be carefully watch. If pair manage to break through 1.3145 level and H4 candle closure below support level then pair will further move towards southward and target 1.3100 level.

On the contrary, If EUR/USD manage to break its resistance 1.3306 and H4 candle closure above this level then it will provide a valid buy entry.

 

May
30

EUR/USD D1 Technical May 30

EUR/USD is in bullish mood today but as long resistance 1.3006 is not broken pair can get a pull back from this zone. So, price action on 1.3006 level should be carefully watch. If pair manage to break its resistance and H4 candle chart closure above this level then EUR/USD will further move upward.

On the other hand. If pair didn’t manage to break through its resistance and get a pull back then it will provide a valid sell entry point with stop loss just located above 1.3006 level and take profit at 1.2880 level.

High impact News can affect the trend of EUR/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
27

EUR/USD D1 Technical May 27

EUR/USD didn’t manage to overcome its resistance 1.3006 last week and get a strong pull back. The trend is bearish for today. Pair will face  its support at 1.2880 level.

Price action on this level should be carefully watch. If pair manage to break support level and H4 candle close below 1.2880 level then EUR/USD will start fall towards southward.

On the contrary, break though 1.3006 level if change the scenario and EUR/USD will then move upward and target 1.3070 level.

 

May
7

EUR/USD D1 Technical May 07

The daily outlook for the EUR/USD is bearish for today. Resistance is now at 1.3145 level. Price action on this level should be watch carefully. If EUR/USD manage to break through this level and H4 candle close above 1.3145 level then pair will move further upward and target 1.3170-200-40 level respectively.

On the other hand, If EUR/USD fails to overcome its resistance and H4 candle close below 1.3145 level then pair will dropped towards its support 1.3050 level.

May
7

GBP/USD D1 Technical May 07

The outlook remain bullish for the cable. The resistance is at 1.5611 and support around 1.5480 level. Today GBP/USD will test its support level.

If GBP/USD manage to break through 1.5480 level and give a day closure below this level then it will conform bearish reversal and pair will then rapidly  towards 1.5400 level.

The scenario will be vanished. If GBP/USD manage to break its physical level 1.5600 and closure D1 above 1.5611 level then it will indicate bulls are ready to take GBP/USD further towards north.

 

May
6

AUD/USD D1 Technical May 06

Aussies got pull back and now it is moving down to test its support at  1.0213 level. Bollinger bands are showing sell signals for the pair but as long pair hold its support level, AUD/USD can get bounce from this level.

Price action on this level should be carefully watch. If pair manage to hold this level and H4 candle close above 1.0213 then AUD will start moving upward and target 1.0290 level.

On the other hand, Break through support and H4 closure below support level will allow pair to continue its bearish trend.

High impact News can affect the pair movement. News like Trade Balance.