Browsing all articles tagged with FOMC Statement
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.

May
1

USD/CAD D1 Technical May 01

USD/CAD didn’t manage to hold its support 1.0100 level and dropped around 50 pips. The pair is under pressure. It is continuously falling from 1.0275 level. USD/CAD is expected to target 1.0000 level. A trend line is held just above 1.0000 level . If pair manage to reached this level and H4 closure above trend line then it will be a good opportunity to buy USD/CAD with SL at 0.9950 level.

High impact News  of USD can affect the pair.   News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

May
1

EUR/USD D1 Technical May 01

 

Yesterday in last session EUR/USD manage to break its resistance 1.3130 level and target 56 pips. Now the resistance is at 1.3200 level. Price action on this level should be watch.  If pair manage to break this level and H4 candle close above 1.3200 then it will indicate more bullish strength and EUR/USD will then continue its uppish trend.

On the contrary, If pair reached at 1.3130 level and closure H4 below support level then EUR/USD will fall rapidly towards south and target 1.3050-300 level respectively.

High impact News can affect the trend of pair. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

May
1

GBP/USD D1 Technical May 01

The longer term outlook for the cable remain bullish. Now the resistance is around 1.5585 level. We are expecting GBP/USD to move down and test its support level 1.5465. Price action should be watch on this level.

If GBP break through its support level and H4 candle closure below 1.5465 then it will allow pair to dropped further towards 1.5420 level.

The scenario will be vanished, if GBP/USD break its resistance 1.5585 level and H4 candle close above this then pair will continue its bullish trend.

High impact News can change the scenario. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

May
1

AUD/USD D1 Technical May 01

AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing buy signals for the pair. Pair is expected to first test its support at 1.0290 level. Price action on this level should be carefully watch.

If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north.

On the other hand, If AUD/USD fails to hold its support level and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.

High impact News can affect the movement of AUD/USD. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Jan
30

USD/CHF D1 Technical January 30

As for our prediction yesterday USD/CHF manage to break its support 0.9240 level and target 0.9200 level. Now the support is around 0.9185 level. Bollinger bands are showing sell signals for the pair. We are expecting pair to continue its bearish trend and test its support. Breakthrough 0.9185 level will allow pair to move further towards south.

High impact Data’s can affect the movement of USD/CHF. Data’s like ADP Non-Farm Employment Change and FOMC Statement.

Jan
30

AUD/USD D1 Technical January 30

After getting a support from 1.0385 level pair continue its uppish trend and now AUD is testing upper limit of bearish channal around 1.0490 level and suggested a decline. However if pair manage to break 1.0490 level and give a daily closing above this level then AUD/USD will get more strength to target North.

High impact News of USD can affect the trend of AUSD/USD. News like ADP Non-Farm Employment Change and FOMC Statement.