Browsing all articles tagged with New Home Sales
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
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
25

EUR/USD D1 Technical June 25

EUR/USD will remain in bearish trend under 1.3240 level.  The trading range for the pair is 1.3007-1.3240 level. Bollinger bands are providing sell signals for the pair. Price action on 1.3200-40 level should be watch. If pair manage to up towards north and test its resistance and H4 candle closure below resistance 1.3200 then it will indicate lack of bullish strength and will provide a valid sell entry point.

On the contrary, If pair manage to give a H4 candle closure below 1.3100 level then it will fall rapidly towards its next support 1.3007 level.

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

 

Jun
25

AUD/USD D1 Technical June 25

Bollinger bands are not showing clear signals yet due to oversold of AUD/USD. The outlook remain bearish as pair is under pressure. There can be retracement towards 0.9318 level.

Price action on 0.9318 level should be carefully watch. If Aussies manage to reached that level and H4 candle closure below 0.9318 then it will indicate bearish strength and pair will then again start moving towards south and target will be 0.9180 -120  level respectively.

This scenario will be vanished. If pair fails to hold its support level 0.9180 and H4 candle closure below support level then pair will rapidly fall towards 0.9120-100 level respectively.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

May
23

GBP/USD D1 Technical May 23

GBP/USD is in bearish trend.  Pair is expected to move down and test its support at 1.4980 level. Price action on this level should be carefully watch. D1 and H4 chart are showing group of buyers in this zone.

If GBP/USD manage to hold this level and give a day closure above 1.5035 level then pair will move towards northward. The scenario will be vanished, if pair break its support and D1 closure below 1.4980 level. It will then indicate more bearish strength and Cable will then continue its downward trend.

High impact News can affect the trend of GBP/USD. News like Unemployment Claims, New Home Sales, Second Estimate GDP q/q.

May
23

EUR/USD D1 Technical May 23

Yesterday in late session EUR/USD got a strong pull back from 1.3000 level and dropped upt0 167 pips. Now the outlook for the pair is bearish.  Bollinger bands are also providing sell signals for the pair.

Pair is expected to move first up to 1.2880-900 level and then start falling towards southward and target its support at 1.2798 and further downward.

On the other hand. If pair manage to break 1.2950 level and H4 candle closure above this level it will then indicate change in trend and EUR/USD will then continue its uppish trend.

High impact News can change the scenario. News like  Unemployment Claims, New Home Sales, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks.

 

May
23

AUD/USD D1 Technical May 23

AUD/USD is under pressure. Bollinger bands are tighten due to oversold of Aussies. Now the support is around 0.9600 level.  Price action on this level should be carefully watch.

If pair manage to break this level and give a day closure below 0.9600 level it will indicate more bearish strength and AUD/USD will then further move towards southward.

On the contrary, If AUD/USD manage to hold this physical level and give a day closure above 0.9660 level then it will provide a valid buy entry.

High impact News can affect the movement of AUD/USD. News like Unemployment Claims, New Home Sales.

Apr
23

GBP/USD D1 Technical April 23

The outlook remain bearish for GBP/USD. Today cable will test its support level 1.5186 level. Price action on this level should be watch. If pair breakthrough this level and H4 closure below 1.5186 then pair will rapidly dropped towards 1.5120 level. On the contrary, If GBP/USD manage to hold its support level and H4 closure above support level then pair will start moving towards north.

High impact Data can affect the pair. Data like New Home Sales.

Apr
23

EUR/USD D1 Technical April 23

The outlook for the pair is bearish for today. EUR/USD will test its support at 1.2994 level. Break of support and H4 closure will provide more bearish strength to pair and EUR/USD will fall towards south and target then 1.2920 level. On the other hand, If pair hold its support level and H4 candle close above 1.3000 then it will indicate bullish strength and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  New Home Sales.

 

Mar
26

USD/CHF H4 Technical March 26

 

USD/CHF is currently testing its resistance at 0.9515-20 level. Price action on this level should be carefully handle, If pair break this level and H4 candle close above 0.9520 level, then it will provide USD/CHF more strength and pair will continue its bullish trend.

On the other hand. If USD/CHF fails to overcome its resistance today and H4 candle close below 0.9520 level then pair will start moving towards southward and target 0.9380 level.

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