Browsing all articles tagged with mix trend
Jun
12

USD/CAD D1 Technical June 12

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

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.

 

Mar
11

AUD/USD D1 Technical March 11

Pair is showing mix trend. But currently Aussies is testing its resistance at 1.0290 level. If pair manage to break this level and H4 candle close above 1.0290 level then pair will further move upward and target 1.0350-75 level.

On the contrary, If H4 candle close below 1.0290 level then pair will have bearish strength which will take pair towards 1.0200 level.

Mar
7

AUD/USD D1 Technical March 07

AUD/USD is showing mix trend. Bollinger bands are showing sell signals for the pair. Pair is now testing its resistance 1.0290 level and suggested a rebound. If pair manage to break 1.0290 level and H4 candle close above it then pair is likely to move up and target 1.0350-75 respectively.

On the other hand, If h4 candle close below 1.0290 level then it will indicate bearish strength for the pair. Aussies will then continue its bearish strength and target will be 1.0200-1.0150 level respectively.

High impact News can affect the trend of AUD/USD. News like Trade Balance, Unemployment Claims, Bank Stress Test Results.

Nov
28

USD/CAD D1 Technical November 28

USD/CAD is showing mix trend, however rate is trapped in small range of 0.9965-0.9900 level. Break of these levels will clear the trend of USD/CAD.

High impact News of New Home Sales can affect the pair.

Oct
12

USD/CAD D1 Technical October 12

USD/CAD got pull back from 0.9838 and dropped 70 pips yesterday. The pair is showing mix trend, but as long as it hold its support of 0.9750, we are expecting upside moment for the pair. Close above 0.9810 can give more support to the pair.
News can affect the pair,  News like PPI m/m and prelim UOM Consumer Sentiment.