Browsing all articles tagged with hold
Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Jun
26

USD/CAD D1 Technical June 26

USD/CAD is in bullish mood above 1.0390 level. Pair is testing 1.0555 level but get a pull back. Today’s support is around 1.0445 level. If pair manage to hold this level and H4 candle closure above this level then USD./CAD will continue its uppish trend and target will be 1.0555-600-650 level respectively.

But if USD/CAD didn’t manage to hold 1.0445 level and H4 candle closure below support level then it will indicate pair got bearish strength that will take USD/CAD towards 1.0390 key level.

Jun
26

AUD/USD D1 Technical June 26

Yesterday Aussies move up and test its physical level at 0.9300.  Bollinger bands are providing clear signals due to oversold of pair. Now price action on 0.9180 which is today’s support should be watch.

If AUD/USD manage to break through this level and h4 candle closure below support then it will indicate pair have lack of bullish strength that will allow AUD/USD to further move southward and target 0.9120 level.

On the contrary, If pair manage to hold its support level 0.9180 level and H4 candle close above support then pair will move towards northward and target 0.9300 level.

Jun
24

AUD/USD D1 Technical June 24

Bollinger bands are not providing clear signal because of oversold. Now the support is at 0.9160 level and resistance is around 0.9318 level. Pair  is expected to move down and test its support first.

Price action on this level should be carefully watch. If Aussies manage to break through its support level and H4 candle closure below 0.9160 level then it will indicate more bearish potential and AUD/USD will then continue its bearish trend and target 0.9100 level.

On the contrary, If pair manage to hold its support level and get bounce then pair will start to move towards northward and target 0.9318 level.

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
18

AUD/USD D1 Technical June 18

 

Aussies is under pressure. In early Asian session pair dropped towards southward and target around 141 pips upto now. Bollinger bands are showing sell signals. But price action on 0.9423-400 level should be watch.

If AUD/USD manage to hold its support level and H4 candle closure above this level then it will provide a valid buy entry point. On the other hand, If AUD/USD fails to hold its support level and H4 or D1 candle chart closure below 0.9400 level that will indicate more bearish strength that will allow AUD to retest again its next support 0.9330-300 level.

High impact News can change the scenario. News like Building Permits, Core CPI m/m.

 

Jun
13

AUD/USD D1 Technical June 13

AUD/USD got bullish trend above 0.9380 level. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9580 level.

Price action on 0.9580 level should be carefully watch. If AUD/USD manage to break through this level today and H4 candle closure above 0.9580 level then it will indicate more  bullish strength and Aussies will then target 0.9650-95 level respectively. Daily closure above 0.9696 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
11

GBP/USD D1 Technical June 11

The long term trend for Cable is bullish. Currently GBP/USD is moving sideways. Pair is expected to hold 1.5500 level and move upward and face its resistance at 1.5692 level. Bollinger bands are not providing clear signals yet.

Price action on 1.5500 level should be carefully watch. If pair fails to hold this level and H4 candle closure below 1.5500 level then GBP/USD will start falling towards south and target 1.5415 level.

 

Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.