Browsing all articles tagged with move
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.

 

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
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

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
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.

 

Jun
10

GBP/USD D1 Technical June 10

The long term trend for the cable is bullish. Bollinger bands are not showing clear trend because of overbought of GBP/USD.

GBP/USD is expected to test its support at 1.5500 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure below 1.5500 level then it will indicate lack of bullish potential and cable will then dropped towards 1.5415 level.

On the contrary, if GBP/USD 1.5607 level and D1 closure above resistance level will give more strength to pair. That will take cable further upward and GBP/USD will then target 1.5692 level.

Jun
10

EUR/USD D1 Technical June 10

EUR/USD test its resistance at 1.3306 level but get a pull back from this level. Now EUR/USD is expected to face support at 1.3145 level.

Price action on this level should be carefully watch. If pair manage to break through 1.3145 level and H4 candle closure below support level then pair will further move towards southward and target 1.3100 level.

On the contrary, If EUR/USD manage to break its resistance 1.3306 and H4 candle closure above this level then it will provide a valid buy entry.

 

Jun
3

GBP/USD D1 Technical June 03

The longer term trend for the cable is bullish now. Pair manage to break 1.5300 level. GBP/USD is expected to continue its bullish trend and target 1.5400 level price action on this level should be carefully watch.

If GBP/USD manage to overcome this level and give a day closure above physical level 1.5400 then pair will further move upward and target 1.4500 level.

Jun
3

EUR/USD D1 Technical June 03

EUR/USD is in bullish mood. Pair get a bounce from its support 1.2950 level. Bollinger bands are providing buy signals for the pair. If pair reached to 1.3140 level then price action on this level should be carefully watch. If EUR/USD manage to break through 1.3140 level then pair will further move upward and target 1.3200 level.

On the other hand. daily closure below 1.3070 level will again open gate towards south ward and pair will again test 1.3006 level.