Browsing all articles tagged with CB Consumer Confidence
Jun
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

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

Jun
25

GBP/USD D1 Technical June 25

The outlook for the cable is bearish under 1.5512 level. Bollinger bands are showing sell signals for the pair. Today’s support lies at 1.5330 level. If GBP/USD manage to break through this level and H4 candle closure below this level then pair will dropped further towards south and target will be 1.5270 level.

On the other hand, Break through resistance 1.5512 level will allow pair to continue its uppish trend towards 1.5600 level.

High impact News can affect the movement of GBP/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales, Inflation Report Hearings.

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
25

AUD/USD D1 Technical June 25

Bollinger bands are not showing clear signals yet due to oversold of AUD/USD. The outlook remain bearish as pair is under pressure. There can be retracement towards 0.9318 level.

Price action on 0.9318 level should be carefully watch. If Aussies manage to reached that level and H4 candle closure below 0.9318 then it will indicate bearish strength and pair will then again start moving towards south and target will be 0.9180 -120  level respectively.

This scenario will be vanished. If pair fails to hold its support level 0.9180 and H4 candle closure below support level then pair will rapidly fall towards 0.9120-100 level respectively.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Apr
30

USD/CAD D1 Technical April 30

USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement.  If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.

The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.

High impact News of USD can change the scenario. News like CB Consumer Confidence.

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

High impact News can change the scenario. News like CB Consumer Confidence.

Apr
30

GBP/USD D1 Technical April 30

Today’s outlook for GBP/USD is bearish. Pair is expected to face its support around 1.5415 level. Bollinger bands are also providing sell signals for the cable. If pair manage to break through its support and H4 candle close below 1.5415 level it will indicate more bearish potential for GBP/USD. On the contrary, If pair manage to hold its support level and give a day closure above 1.5500 then it will indicate GBP/USD got bullish strength which will take pair further upward and target 1.5550-87 level respectively.

High impact News can affect the move of GBP/USD. News like CB Consumer Confidence.

 

Apr
30

AUD/USD D1 Technical April 30

AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing sell signals for the pair. Pair is expected to test its support at 1.0290 level. Price action on this level should be carefully watch.

If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north. On the other hand, If AUD/USD fails to hold its support level 1.0290 and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.

High impact News can affect the movement of AUD/USD. News like CB Consumer Confidence.

Mar
26

USD/CHF H4 Technical March 26

 

USD/CHF is currently testing its resistance at 0.9515-20 level. Price action on this level should be carefully handle, If pair break this level and H4 candle close above 0.9520 level, then it will provide USD/CHF more strength and pair will continue its bullish trend.

On the other hand. If USD/CHF fails to overcome its resistance today and H4 candle close below 0.9520 level then pair will start moving towards southward and target 0.9380 level.

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

Mar
26

GBP/USD D1 Technical March 26

 

The outlook for the cable is bullish for today. Pair will go up and test its resistance at 1.5255 level. If GBP/USD manage t o break this level and H4 candle close above 1.5255, it will indicate bulls are ready to take pair further upward.

This scenario can be vanished, If GBP/USD didn’t manage to hold its support 1.5140 level and H4 candle close below this level then it will show GBP got bearish potential and GBP/USD will then target southward.

High impact Data’s can affect the move of GBP/USD. Data’s like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.