Browsing all articles tagged with forex exchnage
Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

Jul
3

GBP/USD D1 Technical July 03

In early London session GBP/USD fall towards its support at 1.5120 level but get a strong bounce and target 1.5260 level. Bollinger bands are showing buy signals for the pair. If pair manage to break its resistance and H4 candle closure above 1.5270 level then it will allow pair to further move upward and target 1.5300-50-70 level respectively.

On the contrary, break through support level l open gates towards southward and pair will then continue its bearish trend towards 1.5000 level.

High impact News can affect the trend of GBP/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

 

Jul
3

EUR/USD D1 Technical July 03

The outlook for the pair is bearish. The key level is 1.2880 level. If today EUR/USD manage to hold this level and H4 candle closure above resistance 1.3015 level then pair will continue its uppish trend and will target 1.3070-1.3111 level respectively.

But if EUR/USD fail to hold its support 1.2880 level and H4 candle closure below this level then it will show more bearish strength and EUR will then further dropped towards southward and target will be 1.2800 level.

High impact News can change the scenario. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

Mar
29

GBP/USD D1 Technical March 29

Cable is expected to target 1.5260 level today. Bollinger bands are showing buy signals for the pair. At 1.5260 level, price action should be handle carefully. If pair break this level then it will move further upward and target 1.5300 level.

This scenario can be vanished. If Cable didn’t manage to break its resistance and H4 candle close below 1.5260 level. It will then indicate pair got bearish strength and GBP/USD will dropped towards south.

Mar
29

EUR/USD D1 Technical March 29

EUR/USD have now support at 1.2750 level. If pair hold this level then EUR/USD is expecting to target 1.2870 level today. Price action on 1.2870 level should be watch. If pair manage to break this level and H4 candle close above 1.2870 level then, it will allow EUR to continue its uppish trend and target 1.2930 level.

On the contrary. If pair didn’t manage to hold its support 1.2750 level then EUR/USD will dropped rapidly towards south and that will indicate pair is in under pressure and pair will then target 100-150 pips towards south.

 

Mar
29

AUD/USD H4 Technical March 29

Yesterday in late session Aussies targeted its support at 1.0390 level but didn’t manage to break this level. Now pair is expecting to move up and test its resistance at 1.0454 level. Bollinger bands are also providing buy signals for the pair.

There can be two scenario. First, if AUD/USD manage to break its resistance today and H4 candle close above resistance level, it will then indicate pair got move bullish strength that will  take AUD further upward and target 1.0493 level.

Secondly, If pair fails to break its resistance and H4 candle close below 1.0454 level then pair will start moving toward south and target its support at 1.0390 level again.

Mar
14

USD/CHF D1 Technical March 14

Yesterday pair test its support 0.9430 but get a pullback due to positive news of USD. Pair still have strength to move upward and target 0.9555 level. If pair manage to break this level then it will allow pair to move up and target 0.9590-95. W1 is showing resistance at 0.9590 level.

So, price action on0.9590 level is important to watch. If pair manage to break resistance then it will further move towards north and continue its uppish trend. On the other hand. If pair didn’t manage to break resistance and H4 candle close below 0.9590 level then we are expecting USD/CHF to start moving towards south and target 0.9400 level.

High impact News can affect the move of USD/CHF. News like PPI m/m, Unemployment Claims.

Mar
14

EUR/USD D1 Technical March 14

EUR/USD test its resistance yesterday at 1.0370 but get a pull back and dropped up to 140 pips. Pair is expecting to move down first and test its support at 1.2870 level.

Price action on 1.2870 level should be carefully watch. D1 and H4 are showing group of buyers in this zone. So there can be two scenarios.

First, If pair manage to break support level 1.2870 and H4 candle close below 1.2870, then it will indicate bears are dominant and EUR/USD will the rapidly fall towards southward. Secondly, If pair fails to break 1.2870 level and H4 candle close above 1.2870 then this will indicate bullish strength and provide a valid buy entry.

High impact News can affect the trend of EUR/USD. News like PPI m/m, Unemployment Claims.

Mar
14

GBP/USD D1 Technical March 14

Yesterday GBP/USD manage to break its resistance 1.4950 level but positive News of USD change the scenario and take  pair towards south. Now daily resistance is at 1.4980 level and support is around 1.4860 level.

Today pair is expecting to test its resistance at 1.4980 level. Price action on this level should be carefully watch. If pair manage to break through resistance then it will allow GBP to move further up. On the other hand. If Cable didn’t manage to break 1.4980 level and H4 candle close below 1.4980 level. It will then change the strength of GBP/USD and pair will start moving towards south and target its support 1.4860 level.

High impact News can affect the movement of GBP/USD. News like PPI m/m, Unemployment Claims.

Mar
14

AUD/USD H4 Technical March 14

The positive News of Employment Change and Unemployment Rate give  boost to Aussies and it targeted up to 75 pips. Currently  AUD is testing its resistance at 1.0375 level. If pair manage to break 1.0375 level and H4 candle close above this level then AUD/USD is expecting to move further towards north.

On the contrary, If H4 candle fails to close above resistance level 1.0375. It will indicate bearish strength for the pair and Aussies will then again move towards south and target 1.0300 level.

High impact News can change the scenario. News like PPI m/m, Unemployment Claims.