Browsing all articles tagged with fall
Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Jun
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

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
17

EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.

 

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
5

GBP/USD D1 Technical June 05

The long term outlook for the cable is bullish. Bollinger bands are showing buy signals for the pair. GBP/USD is expected to test its resistance at 1.5410 level.

Price action on 1.5260 level should be watch carefully. If GBP/USD manage to hold this support level and H4 candle closure above 1.5260 then pair will remain n bullish potential and the target will be 1.5400 level.

But the scenario will be vanished. If cable fails to hold its support level and H4 candle closure below 1.5260 level the it will open gates southward and GBP/USD will then rapidly fall towards 1.5200 level.

High impact News can affect the trend of GBP/USD. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

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

USD/CAD D1 Technical May 24

USD/CAD get a strong pull back from 1.0390 level and target  around 90 pips yesterday. Now the support is at 1.0280 level. Price action on this level should be carefully watch.

If USD/CAD break through its support and H4 candle closure below this level, it will then indicate bearish strength and pair will continue to fall towards 1.0200 level.

On the contrary. Break of 1.0390 level, will take pair to target 1.0420-45 level respectively. If pair manage to give a weekly closure above 1.0445level then USD/CAD will further move towards north.

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

May
24

GBP/USD D1 Technical May 24

GBP/USD is expected to continue its uppish trend. As long pair hold 1.5080 level pair will make bullish moves. Cable is expected to go northward and face its next resistance at 1.5213 level.

If GBP/USD manage to break this level and H4 candle close above this level then pair will continue its movement and target 1.5260-80 level.

On the contrary, If pair fails to hold 1.5080 level and H4 candle closure below this level then pair will rapidly fall towards 1.5028.

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