Browsing all articles tagged with movement
Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

Jun
27

USD/CAD D1 Technical June 27

USD/CAD get a pull back from 1.0555 level and now trading at 1.0439 level. Support is now at 1.0390 level. There can be two scenario.

First if USD/CAD manage to break through its support and H4 candle closure below support then it will allow pair to further move towards southward. Secondly, If pair manage to hold its support level then pair will continue its uppish trend and target 1.0555-600 level.

High impact Data’s of USD can affect the movement of USD/CAD. Data’s like Unemployment Claims, Pending Home Sales m/m.

Jun
26

EUR/USD D1 Technical June 26

EUR/USD is in bearish mood. The target for the pair is to face its support around 1.3006 level. Bollinger bands are also providing sell signals for the pair. Price action on 1.3006 level should be carefully handle.

EUR/USD can get a pull back from this zone D1 and H4 candle chart are showing group of buyers in this zone.  So if pair get a bounce from 1.3006 level and H4 candle closure above support, it will then provide a valid buy entry point and take profit at 1.3200 level.

On the other hand, If pair manage to break through its support level 1.3006 and H4 or D1 candle close below this level then it will show pair got more bearish strength that will allow pair to continue its movement towards southward.

 

Jun
25

GBP/USD D1 Technical June 25

The outlook for the cable is bearish under 1.5512 level. Bollinger bands are showing sell signals for the pair. Today’s support lies at 1.5330 level. If GBP/USD manage to break through this level and H4 candle closure below this level then pair will dropped further towards south and target will be 1.5270 level.

On the other hand, Break through resistance 1.5512 level will allow pair to continue its uppish trend towards 1.5600 level.

High impact News can affect the movement of GBP/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales, Inflation Report Hearings.

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
13

GBP/USD D1 Technical June 13

The long term outlook for the Cable remain bullish. Currently GBP/USD is testing its physical level 1.5700. Pair is expected to continue its bullish structure. Bollinger bands are tighten due to overbought of GBP.

Price action on 1.5700 level should be carefully handle. If GBP/USD manage to break through 1.5700 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry targeting towards 1.5605 level.

High impact News can affect the movement of GBP/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
12

GBP/USD D1 Technical June 12

The long term outlook for the Cable remain bullish. Yesterday GBP/USD manage to hold its physical level 1.5500 and got a bounce from 1.5517 level. Pair is expected to continue its bullish structure and face its resistance today at 1.5692 level.

Price action on 0.9692 level should be carefully handle. If GBP/USD manage to break through 1.5692 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change.

Jun
4

GBP/USD D1 Technical June 04

The long term trend for cable is bullish. Pair is expected to test its support 1.5260 level before moving further upward. Bollinger bands are providing buy signals for the pair.

Price action on 1.5260 level should be handle carefully. If GBP/USD manage to hold this level and H4 candle closure above this level then it will show bullish sign and cable will then continue its bullish trend towards 1.5400 level.

On the Contrary, If GBP/USD fails to hold its support level and H4 candle closure below 1.5260 level then pair will indicate lack of bullish potential and GBP/USD then dropped rapidly towards southward.

High impact News can affect the movement of GBP/USD. News like Construction PMI, Trade Balance.

May
29

AUD/USD D1 Technical May 29

Aussies is under pressure. Pair manage to break its support 0.9590 level and dropped around 65 pips. Bollinger bands are much tighten due to oversold of AUD/USD. But as support is broken, which is indicating more bearish strength so it is important to see price action on 0.9536 level.

If AUD/USD manage to hold 0.9536 level and H4 candle chart close above this level then it will provide bullish strength to AUD/USD and pair will then move upward.

On the contrary, If AUD/USD fails to hold its support and H4 candle close below 0.9536 then it will provide a valid sell entry target towards 0.9350 level.

High impact News of AUD can affect the movement of Aussies. News like Building Approvals m/m, Private Capital Expenditure q/q.

May
24

AUD/USD D1 Technical May 24

AUD/USD is under pressure.  Yesterday pair make retracement but get a strong pull back from 0.9775 level and now trading around 0.9680 level. Bollinger bands are showing oversold for the pair. Price action on 0.9600 level should be carefully handle.

If Aussies manage to break this physical level and D1 closure below 0.9600 level it will then open gates towards south and AUD will continue its bearish trend towards 0.9350 level.

On the other hand. D1 closure above 0.9840 will change the scenario and pair will start to move towards northward.

High impact News can affect the movement of AUD/USD. News like Core Durable Goods Orders m/m.