Browsing all articles tagged with downside
Dec
6

AUD/USD D1 Technical December 06

AUD/USD is under pressure. Pair will test its support at 1.0428 level today. Breakthrough of this level will take pair further downside. If H4 candle close below 1.0428 level, it will be sign, that pair got bearish strength.

High impact News can affect the trend of Aussies. News like Trade Balance and Unemployment Claims.

Nov
13

EUR/USD D1 Technical November 13

On daily chart EUR/USD remains on the downside for the moment and correction from 1.3171 could go deeper to 61.8% retracement of 1.2036 to 1.3170 at 1.2471. On the upside, above 1.2789 minor resistance will turn outlook neutral . But break of 1.2882 is needed to be the first sign of reversal. Or risk will now stay on the downside. Federal Budget Balance and FOMC Member Yellen Speaks can affect the rate of pair.

Nov
13

GBP/USD D1 Technical November 13

On daily chart GBP/USD corrective fall from 1.6309 is still in progress and outlook remains on the downside for 50% retracement of 1.5268 to 1.6309 at 1.5789. On the upside, above 1.6018 minor resistance will turn bias neutral and bring recovery. But break of 1.6174 is needed to confirm reversal. Otherwise, risk will remain on the downside. U.S Federal Budget Balance and FOMC Member Yellen Speaks can affect the rate of pair.

Nov
13

USD/CHF D1 Technical November 13

USD/CHF met mentioned target of 38.2% retracement of 0.9971 to 0.9214 at 0.9503 and there is no clear sign of topping yet. Sustained break of 0.9503 would target 50% retracement at 0.9593 next. Though, break of 0.9380 will argue that rebound form 0.9214 is finished and turn outlook back to the downside for 0.9276 support for confirmation. Federal Budget Balance and FOMC Member Yellen Speaks can affect the rate of pair.

Nov
8

GBP/USD D1 Technical November 8

Intraday outlook in GBP/USD remains mildly on the downside for the moment. Corrective fall from 1.6309 is possibly still in progress and could extend to 1.5912. Break will target 50% of Fibonacci retracement of 1.5268 to 1.6309 at 1.5789. Meanwhile, above 1.6042 will turn bias neutral first. Break of 1.6174 will argue that larger rally from 1.5268 is finally resuming. We also have to keep a close eye on the U.K Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Nov
8

USD/CHF D1 Technical November 8

With 0.9380 minor support intact, intraday outlook is mildly on the upside and current rebound from 0.9214 could extend further to 38.2% retracement of 0.9971 to 0.9214 at 0.9503. On the downside, below 0.9380 minor support will turn bias neutral first. Break of 0.9276 will indicate that fall from 0.9971 is finally resuming. Europe Minimum Bid Rate, ECB Press Conference and U.S Trade balance and Unemployment claims can seriously affect the rate of pair.

Oct
29

AUD/USD D1 Technical October 29

AUD/USD is trapped in 1.0290 support and 1.0407  resistance. For today it has medium term bearish strength. So, 1.0290 level should be carefully watched. A break through 1.0290 will take Aussies further downside to target 1.0230 level.

Oct
19

AUD/USD D1 Technical October 19

Yesterday closure below 1.0400 gives AUD/USD bearish trend and pair dropped up to 65 pips. Today the pair has support near 1.0320-25 and resistance 1.0390. Near term outlook for Aussies is now bearish. A close below 1.0320 will take AUD/USD further downside.

Oct
8

EUR/USD; Fundamental Analysis OCT 8

Traders suspicious of the descend down of the EUR/USD pair as the selling streaks of Friday lost momentum. The pair bounced back of the 1.2934 mark and is currently trading at 1.2968.

The European authorities announced a 500 billion Euro fund to cure the allying economies of the eurozone. The authorities also expressed confidence in the growth and signified strength in recovery.

The economist desk from both the giant economies was light today. Germany had few although not market triggers. Improvement was seen in the German Trade Balance s.a for the month of August as the trade balance rose to 18.3 B euros, where as the market was expecting a reduction to 15.3 B from the previous figure of 16.3 B euros however the GER Current Account n.s.a (Aug) saw a contraction to 11.1 B Euro from 11.7 B and a market expectation of 13.0 B. The GER Exports for the month of August signified a reasonable expansion from 0.4% to 2.4% where the general consensus was of roughly -0.5%. the GER Imports did not show any change and was noted at 0.3% par with the earlier figures. Another green data was the GER Industrial Production s.a.w.d.a. (YoY) (Aug) whch was reported at 0.8% from -1.4%.

The Pair is currently in the downtrend and with no releases coming up form the US zone we anticiptate a futher loss on the pair till 1.2900 area and below if broken.

 

Written By Maju

Sep
18

EUR/USD D1 Technical September 18

On daily chart EUR/USD is still on the upside and sustained trading above 38.2% retracement of 1.4939 to 1.2042 at 1.3149 will target 1.3486, which is close to 50% retracement level, while on the downside the cable has a support at 1.3022,clear break of support will turn bias to downside for the 1.2886.TIC Long-Term Purchases, Current Account can affect the rate of pair.