Browsing all articles tagged with FOMC Economic Projections
Jun
19

USD/CAD D1 Technical June 19

USD/CAD is in bearish mood today. Bollinger bands are also showing sell signals for the pair. USD/CAD is expected to face its support at 1.0160 level today. If Pair manage to hold its support 1.0160 level and H4 candle closure above 1.0180 then pair will start moving towards northward.

Price action on 1.0160 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below support level then pair will continue its bearish trend.

High impact Data’s can affect the move of USD/CAD. Data’s like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, BOC Gov Poloz Speaks.

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
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
19

AUD/USD D1 Technical June 19

Aussies is under pressure. Today’s resistance is at 0.9525 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9525 level should be carefully handle. There can be two scenarios.

First, If AUD/USD manage to break through 0.9525 level and H4 candle closure above resistance level then it will indicate  pair got some bullish strength that will allow pair to further move upward and target 0.9580 level.

Secondly, If pair got a pull back from 0.9525 level and H4 candle closure below 0.9510 level then AUD/USD will start falling and target will be 0.9430-400 level.

High impact News can change the scenario. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

Mar
20

USD/CHF H4 Technical March 20

USD/CHF is in bullish strength and is likely to test its resistance at 0.9515 level. Bollinger bands are also providing buy signals for the pair. Price action on 0.9515 level should be handle carefully. If USD/CHF break through 0.9515 level and H4 candle close above it then pair will further move towards north.

On the contrary, If pair didn’t manage to break 0.9515 level and H4 candle close below 0.9515 level, it will then indicate bears take charge an USD/CHF will then start moving towards south.

High impact News can affect the pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Mar
20

GBP/USD H4 Technical March 20

GBP/USD is trading in a short range of 1.5068-1.5140 level. Break of any level will clear the trend for cable. We are expecting pair to hold its support 1.5068 level and continue its uppish trend. If pair manage to break 1.5140 level it will then allow GBP/USD to move further upward and target 1.5170-95 level respectively.

The whole scenario can be vanished, if pair break through its support 1.5068 level. It will indicate strong bearish strength and pair will likely to fall rapidly towards 1.5000 level.

High impact Data’s can affect the movement of GBP/USD. Data’s like Claimant Count Change, MPC Meeting Minutes, Annual Budget Release, FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Mar
20

AUD/USD D1 Technical March 20

Yesterday Aussies got bearish strength and target 50.0 % Fibonacci but  pair manage to give a day closing above 50.0 % Fibonacci. So, we are expecting pair to have bullish strength and target 61.8 %  Fibonacci today which is at 1.0415 level. If AUD/USD manage to break 1.0415 level and H4 candle close above it, then pair will further move towards north and target 1.0450-75 level respectively.

On the contrary, if AUD/USD fails to close above 1.0400 level, it will then change the scenario and pair will start bearish trend and target 38.2% Fibonacci level.

High impact News can affect the trend of pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Mar
20

EUR/USD D1 Technical March 20

The outlook for the EUR/USD is bearish. Pair is likely to test its support at 1.2799 level. Bollinger bands are not providing clear signals for the pair. Yesterday EUR dropped around 140 pips in late session, which is indicating pair is now under pressure .

There can be two scenario now. First EUR/USD go towards south and test its support at 1.2799 level  and get a good support and move further towards northward. This scenario will be done, If pair manage to hold its support level and H4 candle close above support level.

On the other hand, If EUR/USD manage to break through its support level and H4 candle close below this level. This will then indicate more bearish pressure on EUR/USD and pair will further fall towards south.

High impact News of USD can change the scenario. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Dec
12

USD/CHF D1 Technical December 12

USD/CHF has Bearish strength. Pair will test its support at 0.9305 level today. If pair manages to break its support level, It will allow the pair to move southward.

High impact News of FOMC Statement, FOMC Economic Projections and FOMC Press Conference can affect the pair.

Dec
12

AUD/USD D1 Technical December 12

Yesterday Aussies break its resistance 1.0520 level. Pair will continue its uppish trend and test its next resistance at 1.0570 level. If pair manages to break 1.0570 level then it will target 1.0600 Physical level.

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