Browsing all articles tagged with Breakthrough
Apr
23

GBP/USD D1 Technical April 23

The outlook remain bearish for GBP/USD. Today cable will test its support level 1.5186 level. Price action on this level should be watch. If pair breakthrough this level and H4 closure below 1.5186 then pair will rapidly dropped towards 1.5120 level. On the contrary, If GBP/USD manage to hold its support level and H4 closure above support level then pair will start moving towards north.

High impact Data can affect the pair. Data like New Home Sales.

Apr
10

GBP/USD D1 Technical April 10

Cable will face its resistance at 1.5390 level today. Bollinger bands are also providing buy signals for the pair. If pair reached this level today and breakthrough its resistance then it will further take GBP/USD upward. The scenario can be vanished, if cable didn’t manage to hold its support level 1.5237. Break of this level will provide bearish strength to GBP/USD and pair will the rapidly dropped towards south and target its next support at 1.5190 level.

High impact News can affect the move of GBP/USD. News like FOMC Meeting Minutes.

Apr
9

USD/CHF D1 Technical April 09

USD/CHF is trading in a small range of 0.9380-313 level. Break of any level will clear the trend. Bollinger bands are also not providing clear signals for the pair.

If pair manage to breakthrough 0.9313 level and H4 candle close below this level, then pair will further dropped towards 0.2980-2940 level respectively. On the other hand, If USD/CHF manage to hold its support level and H4 candle close above 0.9380 level, it will then take pair further upward and target 0.9430-0.9520 level respectively.

 

Apr
8

USD/CHF D1 Technical April 08

On last Friday USD/CHF manage to break its support 0.9380 level and rapidly dropped. Now as the price is at last Bollinger showing oversold so there can be some retracement. Today  pair will face 0.9380 level which is acting as a daily resistance.

Price action on this level should be handle carefully, If USD/CHF manage to break resistance and H4 candle close above 0.9380 level. This will indicate pair got bullish strength and USD/CHF will further move upward. The Scenario will be change, If pair fails to breakthrough its resistance and H4 candle close below 0.9380 level.

High impact News can affect the move of USD/CHF. News like Fed Chairman Bernanke Speaks.

Apr
8

AUD/USD D1 Technical April 08

Aussies is in bullish mood today. Last Friday pair get a strong pull back from 1.0434 level and dropped around 85 pips. Bollinger bands are showing buy signals for the pair. Today’s resistance is at 1.0395 level. If AUD/USD manage to break this level and H4 candle close above 1.0395 level then it will indicate pair got more strength and it will continue its trend towards north. On the contrary, Breakthrough support 1.0340 level, will allow pair to further fall towards next support which is at 1.0290 level.

High impact News of USD can affect the movement of AUD/USD. News like Fed Chairman Bernanke Speaks.

Apr
4

USD/CHF D1 Technical April 04

USD/CHF will face its resistance at 0.9520 level. If pair manage to breakthrough this level and H4 candle close above 0.9520 level, this will provide more strength to pair and USD/CHF will continue its uppish trend. The scenario can be change, If pair fails to break its resistance and give a day closure below 0.9520 level, that will open gate towards south and USD/CHF will then target 0.9440-9380 level respectively.

HIgh impact News of USD can change the scenario. News like Unemployment Claims, Fed Chairman Bernanke Speaks.

Apr
3

GBP/USD D1 Technical April 03

Yesterday in late session cable got strong pull back and dropped upto 170 pips. GBP/USD is under pressure now. Pair will face its next support at 1.5020 level today. If pair manage to  breakthrough its support level then GBP will continue its bearish trend. On the contrary, If pair manage to hold 1.5020 level and H4 candle close above 1.5020 level then pair will gain start moving upward.

High impact News can affect the trend of GBP/USD. News like Construction PMI, ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI.

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

EUR/USD D1 Technical April 01

The trend for the pair is not clear yet because rate is at last Bollinger band. Today’s support is at 1.2750 level. EUR/USD is expected to face this level again. So we should watch price action on this level. If pair manage to breakthrough this level and give a day closing below 1.2750 level that will indicate pair is under pressure. On the other hand, If pair hold its support then it will take EUR/USD towards north and target its resistance at 1.2880 level.

High impact News of USD can affect the movement of EUR/USD. News like ISM Manufacturing PMI.

Mar
28

EUR/USD H4 Technical March 28

The outlook for the EUR/USD is bearish. But pair is expecting to first go up and test its resistance at 1.2836 level. If EUR/USD fails to break 1.2836 level and H4 candle close below this level then pair will start moving downward and target its support at 1.2750 level. This scenario can be vanished, If pair breakthrough its resistance and H4 candle close above 1.2836 level then pair will go up and target 1.2880 level.

High impact News can affect the trend of EUR/USD. News like  Unemployment Claims.