Browsing all articles tagged with dropped
Jul
8

EUR/USD D1 Technical July 08

On last Friday, pair get bearish and dropped towards 1.2830 level.  Bollinger bands are still showing bearish signal.  Pair is expected to test its next support at 1.2750 level.

There can be two scenarios. Firstly, If pair manage to reached to 1.2860 level then we can sell this pair with stop loss above 1.2900 level and take profit at 1.2800.

Secondly, If pair manage to break 1.2900 level then we can buy this pair and take profit at 1.2950 level. If pair get a pull back from 1.2950 level then pair will fall again towards 1.2850 level.

High impact News can affect the movement of pair. News like Eurogroup Meetings, ECB President Draghi Speaks.

 

Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

Jun
26

GBP/USD D1 Technical June 26

The key level is now 1.5400. Pair is expected to break this level and dropped further towards southward and target 1.5330-280 level. Price action on 1.5400 level should be watch. If cable manage to break this level then it will open gate towards  south and pair will then target 1.5330-270 level respectively.

But if GBP/USD manage to hold this level 1.5400 then it will take pair higher towards 1.5500-12 level. Break through 1.5512 level will take pair further upward and target 1.5550-5600 level respectively.

High impact News can change the scenario. News like BOE Gov King Speaks.

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
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.

 

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.

 

Jun
17

GBP/USD Technical June 17

The longer term outlook for the Cable remain bullish. Bollinger bands are showing buy signals for the pair. Price action on 1.5736 level should be watch. If GBP/USD manage to break 1.5736 level and H4 candle closure above resistance then GBP/USD will gain more bullish potential that will take pair further up towards north and GBP/USD will then target 1.5800 level.

But if GBP/USD manage to break its support 1.5685 level and H4 candle closure below this level then pair will dropped towards south and target 1.5640-600 level respectively.

Jun
11

USD/CAD D1 Technical June 11

USD/CAD manage to hold its support 1.0160 level and move upward. As pair has break its resistance 1.0233 level now next target will be 1.0290. Bollinger bands are also showing buy signals for the pair.

Price action on 1.0290 level should be carefully watch H4 and D1 candle chart are showing group of sellers in this zone. So, if pair get a pull back from 1.0290 level and H4 candle closure below this level then USD/CAD will dropped again towards 1.0233-200 level.

The scenario will be change, If USD/CAD manage to break 1.0290 level and H4 or D1 candle chart closure above resistance level. It will then show more bullish potential that will take USD/CAD high towards north.

 

Jun
11

AUD/USD D1 Technical June 11

AUD/USD is under pressure pair didn’t manage to hold its support 0.9380 level and rapidly fall towards 0.9330 level. Bollinger bands are much tighten due to oversold of AUD. Pair is expected to remain in bearish trend and target 0.9250 level.

But price action on 0.9380 level should be carefully watch. If AUD/USD manage to give a day closure above this level then Aussies will start a new bullish trend which will take pair first towards 0.9840 level.

On the other hand. If AUD/USD fails to close above 0.9250 level then pair will further dropped towards southward and target 0.9200 level.

 

Jun
4

GBP/USD D1 Technical June 04

The long term trend for cable is bullish. Pair is expected to test its support 1.5260 level before moving further upward. Bollinger bands are providing buy signals for the pair.

Price action on 1.5260 level should be handle carefully. If GBP/USD manage to hold this level and H4 candle closure above this level then it will show bullish sign and cable will then continue its bullish trend towards 1.5400 level.

On the Contrary, If GBP/USD fails to hold its support level and H4 candle closure below 1.5260 level then pair will indicate lack of bullish potential and GBP/USD then dropped rapidly towards southward.

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