Browsing all articles tagged with ISM Non-Manufacturing PMI
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

AUD/USD D1 Technical July 03

Aussies is under pressure. Bollinger bands are not providing clear signals due to oversold of AUD/USD. In early Asian session pair get a pull back and target 0.9050 level. Price action on 0.9050 level should be carefully watch.

If AUD/ USD manage to break this level and H4 candle closure below support level then it will show bears are still dominant and pair will continue to fall towards southward.

On the other hand. If pair manage to hold its support level and H4 candle closure above 0.9107 level then pair will start moving towards northward.

High impact News can affect the movement of AUD/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Building Approvals m/m.

Jun
5

USD/CAD D1 Technical June 05

USD/CAD is showing mix trend. Pair is trading in a range of 1.0250-1.0390 level. Break of any level will clear the trend.

Pair is expected to remain bullish above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullish strength and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level. Then it will open gate towards south and pair will target then 1.0200 level.

High impact News can affect the pair. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI, Building Permits m/m.

 

Jun
5

GBP/USD D1 Technical June 05

The long term outlook for the cable is bullish. Bollinger bands are showing buy signals for the pair. GBP/USD is expected to test its resistance at 1.5410 level.

Price action on 1.5260 level should be watch carefully. If GBP/USD manage to hold this support level and H4 candle closure above 1.5260 then pair will remain n bullish potential and the target will be 1.5400 level.

But the scenario will be vanished. If cable fails to hold its support level and H4 candle closure below 1.5260 level the it will open gates southward and GBP/USD will then rapidly fall towards 1.5200 level.

High impact News can affect the trend of GBP/USD. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

Jun
5

EUR/USD D1 Technical June 05

The outlook for the pair is bullish. Yesterday pair got bearish and target 1.3040 level but get a bounce which is indicating bullish potential in pair. Bollinger bands are providing buy signals for the EUR/USD. Pair is expected to go up and face its resistance at 1.3145 level.

If EUR/USD manage to break 1.3145 level and H4 candle closure above resistance level then pair will further move towards north and target 1.3170-200-40 level respectively.

On the other hand. If EUR/USD fails to break its resistance and H4 candle closure below 1.3100 then pair will show lack of bullishness and EUR/USD will then fall rapidly and target 1.3040-300 level respectively.

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

 

Jun
5

AUD/USD D1 Technical June 05

Yesterday AUD/USD manage to break its support level 0.9696 level and dropped. Aussies will now face its next support around 0.9580 level.  Bollinger bands are not providing clear signals for the pair.

Price action on 0.9580 level should be carefully handle. There can be two scenario. First, if AUD/USD manage to break its support 0.9580 level and H4 candle closure below support level. Then it will indicate more bearish strength which will take pair further southward and Aussies will then target 0.9525-500 level respectively.

Secondly, if pair manage to hold support level and H4 candle closure above 0.9580 level then it will provide bullish strength and pair will then start moving towards north and target 0.9696 level.

If AUD/USD manage to give a day closure above 0.9696 level today then it will provide a valid buy entry point.

High impact News can affect the movement of pair. News like ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, Trade Balance.

 

Apr
3

USD/CHF D1 Technical April 03

USD/CHF is in bullish strength, pair will face its resistance at 0.9550 level. Price action on this level should be watch carefully. If pair manage to overcome on its resistance and H4 candle close above 0.9550 level then pair will target 0.9600 level. On the other hand, If pair fails to break its resistance and H4 candle close below resistance level, it will indicate bearish strength and USD/CHF will then target southward.

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

Apr
3

GBP/USD D1 Technical April 03

Yesterday in late session cable got strong pull back and dropped upto 170 pips. GBP/USD is under pressure now. Pair will face its next support at 1.5020 level today. If pair manage to  breakthrough its support level then GBP will continue its bearish trend. On the contrary, If pair manage to hold 1.5020 level and H4 candle close above 1.5020 level then pair will gain start moving upward.

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

Apr
3

EUR/USD D1 Technical April 03

Yesterday EUR/USD target 1.2870 level but didn’t manage to overcome its resistance and dropped. The outlook remain bullish above 1.2750 level. If EUR/USD manage to hold this level then pair have potential to move up and target 1.2870 level again. The scenario can be change, if pair break through 1.2750 level and H4 candle close below support level then EUR will fall rapidly towards south.

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