Browsing all articles tagged with Building Permits
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
18

GBP/USD D1 Technical June 18

The longer term outlook for the cable is still bullish. Currently pair is testing its support at 1.5590 level. If GBP/USD manage to break its support then pair will rapidly fall towards 1.5500 level.

The scenario will be change, if GBP/USD manage to hold this support level and H4 candle closure above 1.5600 level then it will indicate bullish strength and GBP will then start moving towards northward.

High impact News can affect the trend of GBP/USD. News like Building Permits, Core CPI m/m.

 

Jun
18

EUR/USD D1 Technical June 18

The outlook for the EUR/USD is bullish above 1.3300 level. Bollinger bands are also showing buy signals for the pair. The key level is now 1.3400-35 level. Price action on this level should be carefully watch. If pair get a pull back from this zone and H4 candle closure below 1.3390 level then it will provide a valid sell entry point.

On the contrary, If EUR/USD manage to break through 1.3435 level and H4 or D1 candle chart closure above resistance zone then it will open gates towards northward and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like Building Permits, Core CPI m/m.

 

Jun
18

AUD/USD D1 Technical June 18

 

Aussies is under pressure. In early Asian session pair dropped towards southward and target around 141 pips upto now. Bollinger bands are showing sell signals. But price action on 0.9423-400 level should be watch.

If AUD/USD manage to hold its support level and H4 candle closure above this level then it will provide a valid buy entry point. On the other hand, If AUD/USD fails to hold its support level and H4 or D1 candle chart closure below 0.9400 level that will indicate more bearish strength that will allow AUD to retest again its next support 0.9330-300 level.

High impact News can change the scenario. News like Building Permits, Core CPI m/m.

 

Apr
16

EUR/USD D1 Technical April 16

EUR/USD is currently testing its resistance at 1.3143 level. Bollinger bands are showing buy signals for the pair but as long pair remain under 1.3170 level it will get pull back. Now if pair manage to break its resistance 1.3143 then it will target 1.3170 level. Price action on both level should be carefully watch. If closure H4 is below resistance level then EUR/USD will rapidly fall towards its support 1.3008 level.

On the other hand, If EUR manage to break through its resistance and give a day closure above 1.3170 level, it will give more bullish strength to pair and EUR/USD will then further move upward.

High impact News can affect the movement of pair. News like Building Permits, Core CPI m/m., ECB President Draghi Speaks.

 

Apr
16

AUD/USD D1 Technical April 16

Yesterday Aussies got support from 1.0290 level and now pair will face its resistance at 1.0407 level. Bollinger bands are providing buy signals for AUD/USD. If pair manage to break 1.0407 level and H4 candle close above resistance level then AUD will continue its uppish trend. On the contrary, if AUD/USD didn’t manage to break its resistance and H4 candle close below 1.0390 level then it will indicate pair got bearish strength and AUD/USD will then start moving towards southward.

High impact News can affect the trend of pair. News like Building Permits, Core CPI m/m.

Feb
20

GBP/USD D1 Technical February 20

GBP/USD is under pressure. The support is now at 1.5400 level. Bollinger bands are not showing clear signals due to oversold of pair. If pair manage to hold this physical level then we are expecting cable to target 1.5510 resistance level. If H4 candle close above 1.5510 level, then GBP will further move up and target 1.5550 level. On the other hand, daily closing below 1.5510 level will take GBP under more pressure and pair will then continue its southward trend.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change, MPC Meeting Minutes, Building Permits, PPI m/m and FOMC Meeting Minutes.

 

 

Feb
20

EUR/USD D1 Technical February 20

EUR/USD break its resistance in Asian session. Now we are expecting pair to continue its bullish trend and target 1.3485 level. If pair manage to break this level and give a daily closure above it, then pair will get more bullish strength and target further towards north. Daily closure below 1.3485 level will provide pair bearish strength and EUR will then again target 1.3400 level.

High impact New of USD can change the scenario. News like Building Permits, PPI m/m and FOMC Meeting Minutes.

Feb
20

USD/CHF D1 Technical February 20

Yesterday USD/CHF manage to break its support and dropped up to 25 pips. Today’s support is around 0.9180 level. D1 and H4 are showing sell signals for the pair. So if pair breakthrough this level and H4 candle close below 0.9180 level, it will indicate strong bearish potential and pair will then again further move downside.

High impact News can affect the pair. News like Building Permits, PPI m/m and FOMC Meeting Minutes.

Feb
20

AUD/USD D1 Technical February 20

The outlook for the pair is still bullish. Pair will face its resistance at 1.0375-80 level.  Bollinger bands are also showing buy signals. If Aussies manage to break 1.0380 level and H4 candle close above this level then it will indicate bullish strength and pair will then further move upward.  On the contrary, if pair fails to close above 1.0380 level then it will change the scenario and provide bearish strength to AUD/USD and pair will again start moving towards south and target 1.0275 level.

High impact News can affect the Trend of AUD/USD. News like Building Permits, PPI m/m and FOMC Meeting Minutes.