Browsing all articles tagged with handle
May
27

USD/CAD D1 Technical May 27

The resistance become support now 1.0280 level. Price action on this level should be handle carefully. If USD/CAD hold this level and H4 candle closure above 1.0280 level then pair is expected to continue its northward trend.

But if USD/CAD fails to hold 1.0280 level and H4 candle closure below support then pair will fall towards south and target 1.0200 level.

May
6

USD/CAD D1 Technical May 06

USD/CAD is in bullish mood. Pair will test its resistance at 1.0130 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure above 1.0130 level then pair will further move towards north.

The scenario will be change, If USD/CAD didn’t manage to hold its support 1.0050 level and H4 closure below support level will take pair down towards 1.0000 level.

High impact News can  affect the pair. News like Ivey PMI, Building Permits m/m.

Apr
29

USD/CAD D1 Technical April 29

USD/CAD will test its support at 1.0140 level. Price action on this level should be handle carefully. If pair manage to hold this level and H4 candle close above 1.0140 level then pair is likely to move towards northward. The scenario will be change, if USD/CAD break 1.0140 level and H4 candle close below support level then it will allow pair to dropped further towards 1.0075 level.

High impact News of USD can affect the pair. News like Pending Home Sales m/m.

Apr
16

GBP/USD D1 Technical April 16

Cable got resist from 1.5411 level on last Friday. The outlook is bullish above 1.5260 level. GBP/USD is expected to move up and  test its resistance at 1.5360 level. Price action on this level should be carefully handle. If cable breakthrough this level then its next target will be 1.5430 level.

The scenario will be vanished, if pair didn’t hold its support and H4 candle closure below 1.5260 it will then open gate towards south.

High impact News can effect the move of GBP/USD. News like Building Permits, Core CPI m/m.

Apr
12

AUD/USD H4 Technical April 12

Yesterday Aussies manage to break its resistance 1.0547 and target around 35 pips. Now the resistance is at 1.0580 level. As the price is at last Bollinger showing oversold of AUD/USD. SO, there can be correction and pair will move down to test its support 1.0493 level.

Price action on this level should be carefully handle. If AUD/USD mange to break this level and H4 candle close below support then pair will further dropped towards south. On the contrary, If pair hold its support level and H4 candle close above 1.0493 level, it will indicate bullish potential and pair will again continue its uppish trend.

High impact News can change the scenario. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

Apr
11

EUR/USD D1 Technical April 11

Yesterday EUR/USD got a pull back from its resistance zone 1.3130 level. Today Bollinger bands are showing buy signals for the pair but as long resistance is not broken there are chances for further decline. So price action on 1.3130 level should be handle carefully. If EUR/USD manage to break this level then pair will further move up and target 1.3170 level.

On the other hand, If pair didn’t manage to overcome its resistance level then, it will indicate bearish strength for EUR/USD and pair will rapidly dropped southward.

High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

 

Apr
8

USD/CHF D1 Technical April 08

On last Friday USD/CHF manage to break its support 0.9380 level and rapidly dropped. Now as the price is at last Bollinger showing oversold so there can be some retracement. Today  pair will face 0.9380 level which is acting as a daily resistance.

Price action on this level should be handle carefully, If USD/CHF manage to break resistance and H4 candle close above 0.9380 level. This will indicate pair got bullish strength and USD/CHF will further move upward. The Scenario will be change, If pair fails to breakthrough its resistance and H4 candle close below 0.9380 level.

High impact News can affect the move of USD/CHF. News like Fed Chairman Bernanke Speaks.

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
15

EUR/USD H4 Technical March 15

 Yesterday in late session EUR/USD got a good support from 1.2910 level and target up to +125 pips. We are expecting pair to continue its uppish trend and target 1.0370 level. Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.2950 level today and H4 candle close above 1.2950 level, then pair will go up and test 1.3070 level. Price action on 1.0370 should be handle carefully. Break of 1.0370 level will provide more strength to EUR/USD and pair will then further move upward.

High impact New can affect EUR/USD. News like Core CPI m/m, Prelim UoM Consumer Sentiment.

Mar
5

USD/CHF D1 Technical March 05

USD/CHF is trading in a range of 0.9285-0.9365 level. We are expecting pair to hold its support level 0.9285 and move further upward. Price action on 0.9365 level should be handle carefully. If H4 candle close below this level then pair will be in bearish strength. On the other hand. If pair break 0.9365 level and give a day closure above this level it will then allow USD/CHF  to move further towards north.

High impact News of USD can change the scenario. News like ISM Non-Manufacturing PMI.