Browsing all articles tagged with candle
May
14

USD/CAD D1 Technical May 14

USD/CAD remain bullish above 1.0050 level. Price action on 1.0050 level should be watch carefully. If USD/CAD fails to hold its support and H4 candle close below this level then pair will rapidly dropped towards 1.0000 level.

But if pair manage to break 1.1050 level and give a day closure above 1.1050 level then pair will continue to move upward.

 

May
9

EUR/USD D1 Technical May 09

Yesterday EUR/USD break 1.3145 level and target around 50 pips. Now the resistance it at 1.3240 level. Price action on this level should be watch. There can be two scenario. First, If pair manage to break through 1.3240 level and H4 candle close above this level then it will indicate bulls are ready to take EUR/USD towards north.

Secondly, If EUR/USD fails to overcome 1.3240 level and H4 candle closure below resistance level then it will provide a valid sell entry with stop loss located above 1.3310 and take profit at 1.3050 level.

High impact News can change the scenario. News like Unemployment Claims.

 

May
9

AUD/USD D1 Technical May 09

Aussies got bullish due to positive news and break its resistance 1.0197 level and now near to its next resistance around 1.0290 level. Bollinger bands are not providing clear signals. Price action on 1.0290 level should be carefully watch.

If AUD/USD manage to break 1.0290 level and H4 candle close above resistance then it will indicate bullish strength for the pair and AUD will then continue its bullish trend towards 1.0390 level.

On the contrary. If pair didn’t manage to break 1.0290 level and H4 candle close below this level then pair will start moving towards southward.

High impact News can affect the trend of AUD/USD. News like Unemployment Claims, RBA Monetary Policy Statement.

May
8

EUR/USD D1 Technical May 08

EUR/USD is trading in a range of 1.3145 to 1.3050 level. Bollinger bands are showing neutral signals. But EUR/USD is expected to remain bearish under 1.3145 level.

There can be two scenario. First, To buy EUR/USD if pair break 1.3145 level and H4 candle close above this level. Secondly, on the break of 1.3050 level we can sell EUR and take profit at 1.3000 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
6

USD/CAD D1 Technical May 06

USD/CAD is in bullish mood. Pair will test its resistance at 1.0130 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure above 1.0130 level then pair will further move towards north.

The scenario will be change, If USD/CAD didn’t manage to hold its support 1.0050 level and H4 closure below support level will take pair down towards 1.0000 level.

High impact News can  affect the pair. News like Ivey PMI, Building Permits m/m.

May
6

GBP/USD D1 Technical May 06

The long term trend remain bullish. In last session pair test its physical level 1.5600 level but get a pull back. Pair is now expected to move down and face 1.5500 level. If pair manage to break 1.5500 level and H4 closure below 1.5500 level take pair further down.

On the contrary, Day closure above 1.5600 level will indicate strong bullish strength and Cable will then continue its uppish trend and target 1.5650-700 respectively.

May
6

EUR/USD D1 Technical May 06

The trend for the EUR/USD is neutral. Bollinger bands are also not providing clear signals for the pair. Below 1.3200 level EUR/USD remain in bearish trend. Currently EUR/USD is testing its physical level 1.3100 level.

Price action on this level should be watch. If pair fails to hold this level and H4 candle close below 1.3100 level then it will indicate bearish potential for EUR/USD and pair will rapidly dropped towards southward.

High impact News can affect the move of EUR/USD. News like ECB President Draghi Speaks.

 

May
2

GBP/USD D1 Technical May 02

The long term outlook remain bullish for GBP/USD. Yesterday GBP/USD manage to reached its physical level 1.5600. Now the resistance its around 1.5611 level. D1 is showing overbought zone for pair. So correction is expected.

There can be Two scenarios. First, GBP/USD move up and break its resistance and if  H4 candle close above 1.5611 level then cable is likely to got more bullish strength and continue its uppish movement.

Secondly, Price action on 1.5504 level should be watch. Above this level pair will remain in bullish trend. If GBP/USD manage to hold this level and H4 candle close above 1.5504 then it will provide again a good buy entry point.

High impact News can affect the trend of GBP/USD. News like Construction PMI, Trade Balance, Unemployment Claims.

May
2

AUD/USD D1 Technical May 02

Aussies is under pressure.  Pair is expected to move down and test its support at 1.0197 level. Bollinger bands are not providing clear signals for the pair yet. Price action on 1.0197 level should be watch.

If AUD/USD manage to hold its support level and H4 candle close above 1.0225 level then it will indicate bullish strength for the pair and AUD/USD will then start moving towards north and target 1.0290 level.

On the contrary, If AUD/USD fails to hold its support  level and Day closure below 1.0197 then it will open gate towards southward and pair is likely to target 1.0145 level.

High impact News can change the scenario. News like Trade Balance, Unemployment Claims, PPI q/q.