Browsing all articles tagged with Core CPI m/m
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.

Mar
15

USD/CHF H4 Technical March 15

Yesterday USD/CHF got a pull back from 0.9570 level and dropped up to +120 pips. Pair is likely to continue its bearish trend and test its support at 0.9385 level. If pair mange to break this level and H4 candle close below 10.9385 level then it will indicate pair got more bearish strength and USD/CHF will then further move towards south.

On the contrary, Price action on 0.9385 level should be watch. If Pair manage to hold this level and give a day closure above 0.9400 level then pair will again start moving towards north and target 0.9600 level.

High impact Data’s can change the scenario. Data’s like Core CPI m/m, Prelim UoM Consumer Sentiment.

Mar
15

GBP/USD H4 Technical March 15

 

Cable is in bullish mood. But D1 and H4 is showing overbought of GBP so there can be retracement. The gap of 1.5250 is still not cover. The pair is expecting to cover this gap in next week. So Price action on 1.4950 level should be watch.

If pair hold this level and H4 candle close above 1.4950 level then it will provide valid buy entry. On the other hand, break of 1.4950 level will allow pair to move downward and target 1.4900-4860 respectively.

High impact New can affect the movement of GBP/USD. News like Core CPI m/m, Prelim UoM Consumer Sentiment.

 

Mar
15

EUR/USD H4 Technical March 15

 Yesterday in late session EUR/USD got a good support from 1.2910 level and target up to +125 pips. We are expecting pair to continue its uppish trend and target 1.0370 level. Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.2950 level today and H4 candle close above 1.2950 level, then pair will go up and test 1.3070 level. Price action on 1.0370 should be handle carefully. Break of 1.0370 level will provide more strength to EUR/USD and pair will then further move upward.

High impact New can affect EUR/USD. News like Core CPI m/m, Prelim UoM Consumer Sentiment.

Mar
15

AUD/USD H4 Technical March 15

 

Yesterday Aussies manage to break its resistance but didn’t manage to overcome its physical level 1.0400 . Now H4 is showing resistance at 1.0400 level. Today AUD/USD is in bearish strength. pair is likely to first go down and test its support at 1.0330 level.

Price action on 1.0330 should be carefully watch. If pair manage to break through this level and H4 candle close below 1.0330 then pair will continue its downward trend. On the Contrary, If pair fails to break support level and H4 candle close above 1.0330 level the it will indicate pair got bullish potential and AUD will then again move towards north and test 1.0400 level.

High impact New can affect the Trend of AUD/USD. News like Core CPI m/m, Prelim UoM Consumer Sentiment.