Browsing all articles tagged with candle
Jul
8

USD/CAD D1 Technical July 08

Pair is in bullish mood. Support is around 1.0555 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0555 then par will continue its uppish trend. Pair is expected to target 1.0660 level in this week. On W1 chart 1.0660 level is a strong resistance level pair can get a strong pull back from this are. So, pair action on this level should be carefully watch. If pair get a pull back and H4 candle closure below 1.0650 level the it will provide a valid sell entry point with stop loss just located above 1.0685 and take profit at 1.0400 level.

High impact news can affect the trend of USD/CAD. News like Building Permits m/m.

Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Employment Change, Unemployment Rate.

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

USD/CAD D1 Technical June 10

USD/CAD is under pressure now. Pair has tested 1.0160 level but get a bounce. Bollinger bands are not providing clear signals yet. Price action on 1.0160 level should be carefully watch.

If pair manage to break support level and H4 candle closure below 1.0160 level then USD/CAD will continue its bearish trend.

The scenario will be vanished. If USD/CAD manage to break through its resistance 1.0234 level and D1 closure above this level will allow pair to move upward and target 1.0290 level.

Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.

Jun
5

EUR/USD D1 Technical June 05

The outlook for the pair is bullish. Yesterday pair got bearish and target 1.3040 level but get a bounce which is indicating bullish potential in pair. Bollinger bands are providing buy signals for the EUR/USD. Pair is expected to go up and face its resistance at 1.3145 level.

If EUR/USD manage to break 1.3145 level and H4 candle closure above resistance level then pair will further move towards north and target 1.3170-200-40 level respectively.

On the other hand. If EUR/USD fails to break its resistance and H4 candle closure below 1.3100 then pair will show lack of bullishness and EUR/USD will then fall rapidly and target 1.3040-300 level respectively.

High impact News can change the scenario. News like Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

Jun
4

EUR/USD D1 Technical June 04

The outlook for the EUR/USD is bullish. Above 1.3040 level pair will remain in bullish strength.  Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.3070 level and H4 candle closure above this level the it will indicate EUR/USD got bullish strength which will take pair further upward and pair will then target 1.3126-70 level respectively.

On the contrary. If pair fails to hold 1.3040 level and H4 candle closure below this level then EUR/USD will start falling and target 1.2950 level.

High impact News can change the scenario. News like Trade Balance.

Jun
4

AUD/USD D1 Technical June 04

AUD/USD is in bullish trend. Bollinger bands are providing buy signals for the pair. Aussies is expected to move first down and test 0.9596 level and get a bounce and after that pair will target 0.9840 level.

Price action on 0.9596 level should be carefully watch. If AUD/USD manage to break this level and H4 candle closure below 0.9596 then it will indicate bearish potential and AUD will continue to fall towards southward and target 0.9525 level.

On the other hand. If AUD/USD manage to hold 0.9596 level and get a bounce then it will provide a valid buy entry with stop loss is just located below 0.9520 level.

High impact news can affect the trend of AUD/USD. News like Trade Balance, GDP q/q.