Browsing all articles tagged with Existing Home Sales
Apr
22

USD/CAD D1 Technical April 22

USD/CAD is trading in a range of 1.0200-0290 level. Break of any level will clear the trend. If USD/CAD manage to break 1.0290 level and H4 candle close above resistance then USD/CAD will gain bullish strength and continue its uppish trend. But if pair fails to overcome its 1.0290 level then pair will start moving southward and target 1.0200 level.

High impact News of USD can affect USD/CAD. News like Existing Home Sales.

Apr
22

GBP/USD D1 Technical April 22

The Cable is expected to test its support 1.5190 level today. Bollinger bands are also showing sell signals for GBP/USD. Price action on 1.5190 level should be handle carefully. If GBP/USD break its support and H4 candle close below 1.5190 level then it will open gate towards south and cable will then target 1.5135-100 level respectively.

On the other hand, Break of resistance 1.5260 level will provide bullish strength to GBP/USD and pair will move up and target north.

High impact News can affect the Trend of EUR/USD. News like Existing Home Sales.

Apr
22

EUR/USD D1 Technical April 22

EUR/USD will face its support at 1.2990 level today. Bollinger bands are providing sell signals for the pair. If pair manage to break through its support level and H4 candle close below 1.2990 level then it will indicate EUR got more bearish potential which will take pair towards 1.2920 level.

The scenario can be vanished. If pair manage to break its resistance 1.3040 level and H4 candle close above it, then pair will again move upward and target 1.3200 level.

High impact News can affect the movement of EUR/USD. News like Existing Home Sales.

 

Apr
22

AUD/USD D1 Technical April 22

The outlook for the pair is bearish for today. AUD/USD will test its support at 1.0260 level. Price action on this level should be watch. If Aussies manage to break through 1.0260 level and H4 candle closure below support then it will allow pair to continue its bearish trend.

On the contrary. If pair manage to hold its support level and closure H4 above 1.0260 level then it will indicate pair got support and AUD/USD will then start moving towards northward.

High impact News can change the scenario. News like Existing Home Sales.

Mar
21

GBP/USD D1 Technical March 21

Yesterday Cable mange to break its support 1.5068 level and dropped upto 48 pips rapidly. Then pair got support from 1.5022 level and start moving upward in New York session and target its resistance at 1.5170 level. Today resistance is at 1.5195 level and support is at 1.5022 level. We are expecting pair to move first upward and test its resistance and then dropped towards south. So price action on 1.5195 should be carefully handle.

If GBP/USD manage to break this level and H4 candle close above 1.5195 level then it will indicate bullish strength and pair will then move further upward and target 1.5230-50 level and Gap will also be covered then.

But this scenario can be vanished, if pair fails to break its resistance and H4 candle close below 1.5195 level. GBP/USD will then rapidly fall towards its support level.

High impact News can affect the movement of GBP/USD. News like Retail Sales m/m, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
21

USD/CHF D1 Technical March 21

USD/CHF is trading in a range of 0.9515-0.9385 level. Break of any level will clear the trend of pair. USD/CHF is expecting to move southward today and test its support at 0.9385 level. If pair manage to break this level and H4 candle close below 0.9385 level that will indicate more bearish strength for pair and USD/CHF will continue its bearish trend. But if pair hold its support level and H4 candle close above 0.9385 level, this will provide a valid buy entry for USD/CHF.

High impact News can affect the pair. News like Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
21

EUR/USD D1 Technical March 21

 

Under 1.3000 level EUR/USD remain under pressure. We are expecting pair to move south and target its strong support at 1.2799 level. But price action on 1.3000 level should be carefully watch. A trendine is also held there. So if price reached to 1.3000 level and H4 candle close below 1.3000 level that it will provide pair bearish strength and pair will then move towards south. On the contrary, breakthrough of trend line will take EUR further upward and target 1.3070 level.

High impact Data’s can change the scenario of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
21

AUD/USD D1 Technical March 21

Yesterday Aussies move up in late session and target 1.0400 level but didn’t manage to overcome physical level. So now pair is trading at 1.0365 level and pair is expecting to further move down and target 1.0330 level which is daily support.

Price action on this level should be watch. If pair manage to hold 1.0330 level and get bounces on this level that will indicate bullish strength and pair will start moving upward. On the other hand, break of 1.0330 level will allow AUD/USD to dropped further southward and target 1.0290 level.

High impact News of USD can affect the trend of AUD/USD. News like Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

 

Feb
21

USD/CHF D1 Technical February 21

 Yesterday pair got good support  and move northward and target around 130 pips. USD/CHF is currently testing its resistance 0.9306 level, if pair manage to break its resistance and give a daily closure above this level then USD/CHF will continue its bullish strength and next target will be 0.9385 level.

High impact News can affect the pair.  News like Core CPI m/m, Unemployment Claims, Existing Home Sales and Philly Fed Manufacturing Index.

Feb
21

AUD/USD D1 Technical February 21

AUD/USD didn’t manage to break it resistance yesterday and got a pull back. Now pair is in bearish strength. Aussies will now face its next support around 1.0195 level. Price  action on this level should be carefully watch, if pair manage to break this level and H4 candle close below 1.0195 level then pair will continue its bearish trend.

High impact News of USD can affect the movement of AUD/USD. News like Core CPI m/m, Unemployment Claims, Existing Home Sales and Philly Fed Manufacturing Index.