Browsing all articles tagged with bullish
Jul
8

AUD/USD D1 Technical July 08

AUD/USD is under pressure. Pair is trading near 0.9050 level. Pair is expected to continue its bearish trend and target 0.9030-00 level. Bollinger bands are not providing clear signals for the pair. Price action on 0.9000 level should be watch.

If AUD manage to hold this level and get a bounce then it will indicate pair has some bullish strength that will allow pair to continue its uppish movement, On the contrary, If pair fails to hold its support level and D1 candle closure below this level then it will indicate more bearish strength and pair will then continue its bearish trend.

Jun
27

AUD/USD D1 Technical June 27

Yesterday in late New York session Aussies manage to move up and test 0.9350 level but fails to break it and get a strong pull back  and target around 100 pips. Bollinger bands are not providing clear signals yet. But price action on 0.9350 level should be watch.

If AUD/USD manage to break this level and H4 candle closure above resistance then it will indicate more bullish strength and pair will then continue its upward movement.

On the other hand, If pair get a pull back and H4 candle closure below resistance level then pair will rapidly fall towards 0.9200 level.

High impact News can affect the trend of AUD/USD. News like Unemployment Claims, Pending Home Sales m/m.

Jun
26

USD/CAD D1 Technical June 26

USD/CAD is in bullish mood above 1.0390 level. Pair is testing 1.0555 level but get a pull back. Today’s support is around 1.0445 level. If pair manage to hold this level and H4 candle closure above this level then USD./CAD will continue its uppish trend and target will be 1.0555-600-650 level respectively.

But if USD/CAD didn’t manage to hold 1.0445 level and H4 candle closure below support level then it will indicate pair got bearish strength that will take USD/CAD towards 1.0390 key level.

Jun
25

EUR/USD D1 Technical June 25

EUR/USD will remain in bearish trend under 1.3240 level.  The trading range for the pair is 1.3007-1.3240 level. Bollinger bands are providing sell signals for the pair. Price action on 1.3200-40 level should be watch. If pair manage to up towards north and test its resistance and H4 candle closure below resistance 1.3200 then it will indicate lack of bullish strength and will provide a valid sell entry point.

On the contrary, If pair manage to give a H4 candle closure below 1.3100 level then it will fall rapidly towards its next support 1.3007 level.

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

 

Jun
24

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.

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

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
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
17

GBP/USD Technical June 17

The longer term outlook for the Cable remain bullish. Bollinger bands are showing buy signals for the pair. Price action on 1.5736 level should be watch. If GBP/USD manage to break 1.5736 level and H4 candle closure above resistance then GBP/USD will gain more bullish potential that will take pair further up towards north and GBP/USD will then target 1.5800 level.

But if GBP/USD manage to break its support 1.5685 level and H4 candle closure below this level then pair will dropped towards south and target 1.5640-600 level respectively.

Jun
17

EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.