Browsing all articles tagged with FORES EXCHANGE
Jul
2

USD/CAD D1 Technical July 02

USD/CAD is trading in a range of  1.0420-1.0560 level.  Bollinger band  are not providing clear signals due to oversold of pair. Price action on 1.0560 level should be carefully watch. Break through resistance will allow USD/CAD to continue its bullish trend.

On the contrary. If USD/CAD didn’t manage to break its resistance and get a pullback hen pair will dropped towards southward and target will be 1.0420 level.

Jul
2

GBP/USD D1 Technical July 02

The structure or the Cable is not clear yet. Today range for the GBP is 1.5150-1.5270 level.  Bollinger bands are showing buy signal for the pair. There can be two scenario.

Firstly, If pair manage to break its support 1.5150 level and then it will allow pair to target 1.5100 level.  Secondly, if pair manage to hold its support level and H4 candle chart closure above support then it will take GBP/USD towards northward and pair will then target 1.5270 level which is today’s resistance.

High impact Data of GBP can affect the trend of Pair. Data like Construction PMI.

Jul
2

EUR/USD D1 Technical July 02

EUR/USD will remain in bearish trend under 1.3106 level. Bollinger bands are showing sell signals for the pair.  If pair manage to break through its resistance 1.3106 level and h4 candle chart closure above resistance then pair will show bullish potential  and EUR/USD will then continue its uppish trend towards 1.3150-70 level respectively.

But if pair fails to break its resistance and H4 candle closure below 1.3100 then it will provide a valid sell entry point with stop loss just located above 1.3006 and take profit at 1.3010 level.

 

Jul
2

AUD/USD D1 Technical July 02

Aussies is under pressure.  In early Asian session pair get a pull back from 0.9250 level and target around 100 pips. The trend is still bearish for the pair. Price action on 0.9150 level should be carefully watch.

If AUD/USD manage to break through its support level and H4 candle closure below this level then it will indicate more bearish strength that will allow pair to face again 0.9100 level.  Break of 0.9100 level will further open gates towards southward.

On the other hand. If pair manage to hold its support 0.9150 level then AUD/USD will again start moving towards north and target will be 0.9260-300 level.

High impact News can affect the movement of AUD/USD. News like Retail Sales m/m, Trade Balance, RBA Gov Stevens Speaks.