Browsing all articles tagged with D1
Jun
4

USD/CAD D1 Technical June 04

USD/CAD is showing mix trend. pair is trading in a range of 1.0250-1.0420 level. Break of any level will clear the trend.

Pair is expected to be in bullish mood above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullishness in the pair and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level will open gate towards south and pair will target then 1.0200 level.

High impact Data’s can affect the move of USD/CAD. Data’s like Trade Balance.

May
31

USD/CAD D1 Technical May 31

USD/CAD manage to hold physical level 1.0300 and get a bounce. Now pair is expected to continue its bullish trend and test its resistance at 1.0390 level. If par manage to break 1.0390 level it will then target 1.0420-45 level.

Price action on 1.0445 level should be carefully watch. If USD/CAD get a pull back from this area and D1 closure below 1.0390 level then it will indicate strong bearish strength which will open gate towards south and pair will then target 1.0300-250-200 level respectively.

May
31

GBP/USD D1 Technical May 31

GBP/USD is in bullish trend above 1.5160 level. Price action on 1.5160 level should be carefully watch. If cable manage to hold this level and give a weekly closure above 1.5200 level then it will provide a valid buy entry and target will be 1.5260 level then 1.5300 level respectively.

The scenario will be vanished. If GBP/USD fails to hold its support and D1 closure chart below 1.5160 level will take pair further down towards southward.

May
30

GBP/USD D1 Technical May 30

GBP/USD manage to hold 1.5000 level yesterday and target 1.5160 level in early Asian session. Now GBP/USD is expecting to continue its uppish trend and target 1.5200-60 level respectively.

The scenario will be vanished. If cable fails to hold its support 1.5080 level and D1 or H4 candle chart closure below support level. It will then indicate bearish strength and GBP/USD will then continue its trend and target 1.5008-4980 level respectively.

High impact News can affect the pair. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m. Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
30

AUD/USD D1 Technical May 30

Aussies get a bounce from its support 0.9527 level  yesterday and now trading near its pivot point 0.9695 level. In Asian session due to positive data of Building Approvals m/m AUD/USD target around 90 pips.

Bollinger bands are not providing clear signals yet. The support is now at 0.9580 and resistance is around 0.9700 level. Price action on both level should be carefully watch.

There can be two scenario. First, If AUD/USD manage to beak 0.9695 level and give a day closure or H4 candle chart above 0.9695 level then it will indicate pair got bullish strength and Aussies will then further move towards northward.

On the contrary, If pair fails to hold its support 0.9580 level and D1 or H4 candle chart closure below this level this will indicate lack of bullish potential and pair will hen continue its bearish trend.

High impact News can affect the movement of AUD/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
29

USD/CAD D1 Technical May 29

USD/CAD mange to break 1.0390 level yesterday. Now pair will face its weekly resistance at 1.0445 level. W1 is showing group of sellers in this zone.  Bollinger bands are not providing clear signals due to overbought of USD/CAD.

So, it is important to watch price action on 1.0445 level. If pair get pull back from this level and H4 or D1 candle closure below 1.0390 level then it will clearly indicate bearish strength and USD/CAD will then start moving southward and first target will be 1.0300-0280 level respectively.

This scenario will be vanished. If pair manage to overcome its resistance and H4 or D1 candle chart closure above 1.0445 level. It will then indicate USD/CAD still have bullish strength which will take pair further upward.

High impact News of CAD can affect the trend of USD/CAD. News like BOC Rate Statement, Overnight Rate.

May
29

GBP/USD D1 Technical May 29

GBP/USD got more bearish after it fails to overcome 1.5160 level and dropped more then 100 pips. Now the key level is 1.4980. Cable is expected to face this level. Price action on 1.4980 level should be carefully handle.

There can be two scenarios, First if GBP/USD manage to hold 1.4980 level and give a day closure above 1.5080 level then pair will indicate bullish signals and provide a valid buy entry with Sl located just below 1.4980 level.

Secondly, If Cable fails to hold its key level and H4 or D1 closure below 1.4980 level then it will indicate a strong bearish trend. Which will open gates towards southward and take pair further downward.

May
28

USD/CAD D1 Technical May 28

USD/CAD is in bullish mood. Pair get support around 1.0300 level and now pair will face resistance at 1.0390 level. If USD/CAD manage to break this level then pair will target 1.0420-45 level respectively.

If pair manage to reached 1.0445 level then price action should be watch. W1 is showing strong resistance at this zone. Pair can get a strong pull back from 1.0445-50 level. if pair get pull back from resistance zone and D1 or H4 candle chart closure below 1.0390 level then it will provide a valid sell entry point.

 

May
28

EUR/USD D1 Technical May 28

After getting two times pull back from 1.3000 level EUR/USD start fall towards 1.2880 level. As pair manage to break this level now EUR/USD is expected to move southward and target 1.2800 level. Bollinger bands are also showing sell signals.

Price action on  1.2800 level is important to watch. a group of buyers there in D1 and H4 chart. If EUR/USD reached 1.2800 level and get a pull back then it will provide a valid buy entry.

On the contrary, if pair manage to break 1.2800 level and D1 closure below support level then it will indicate EUR is under pressure and then pair will continue its bearish trend.

 

May
24

AUD/USD D1 Technical May 24

AUD/USD is under pressure.  Yesterday pair make retracement but get a strong pull back from 0.9775 level and now trading around 0.9680 level. Bollinger bands are showing oversold for the pair. Price action on 0.9600 level should be carefully handle.

If Aussies manage to break this physical level and D1 closure below 0.9600 level it will then open gates towards south and AUD will continue its bearish trend towards 0.9350 level.

On the other hand. D1 closure above 0.9840 will change the scenario and pair will start to move towards northward.

High impact News can affect the movement of AUD/USD. News like Core Durable Goods Orders m/m.