Browsing all articles tagged with Non-Farm Employment Change
Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

High impact Data’s can affect the pair. Data’s like Non-Farm Employment Change, Unemployment Rate, Employment Change, Ivey PMI.

Jul
5

GBP/USD D1 Technical July 05

GBP/USD is under pressure. Pair get a strong pull back from 1.5260 level and dropped up to 250 level. Now the support is around 1.5000 level. H4 and D1 candle chart are showing buyers in this area. If Cable manage to hold this physical level then pair will test its today’s resistance at 1.5125 level.  Further bullish scenario will be confirmed if pair manage to give a day closure above 1.5125 level then pair will continue its bullish trend towards 1.5260 level.

On the other hand, If pair didn’t manage to hold its support level 1.5000 then pair will fall rapidly towards southward and target 1.4950 level.

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

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.

 

Jul
5

AUD/USD D1 Technical July 05

Yesterday Aussies manage to break its resistance 0.9107 and target 0.9175 level. Today’s resistance is at 0.9190 level. Pair is expected to break this level and test its next resistance around 0.9250-80 level. Price action on 0.9250 level should be carefully handle.

If AUD/USD manage to break through its resistance 0.9190 level and H4 candle closure above this level then it will indicate bullish strength that will take AUD further up towards 0.9250-80 level.

The scenario will be vanished. If pair didn’t manage to hold its support level 0.9107 level and H4 candle closure below this level then pair will start moving southward and target will be 0.9050 level.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

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.

 

Mar
8

AUD/USD D1 Technical March 08

Aussies is trading in a small range of 1.0290-1.0150 level. Pair is expecting to test its resistance 1.0290 level and suggested a decline. However, if AUD/USD manage to break 1.0290 level and H4 candle close above it then pair will further move up.

Bollinger bands are providing sell signals for the pair. Price action on 1.0290 level should be carefully watch, If H4 candle fails to close above 1.0290 level, then it will indicate bearish strength for the pair and pair will then target 1.0200-01950 level respectively.

High impact News can change the scenario. News like Non-Farm Employment Change, Unemployment Rate.

Mar
8

GBP/USD D1 Technical March 08

The trend for the GBP/USD is not clear yet. Bollinger bands are also tighten due to oversold of GBP. The range of pair is now from 1.4950-1.5075. Today pair is expecting to test its resistance 1.5070. Price action on this level should be watch carefully. If pair manage to break this level and H4 candle close above it then pair is likely to move further upward.

On the contrary, Break of support level 1.4950 will open gate towards southward and GBP/USD will then target 1.4900 level.

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

 

Mar
8

EUR/USD D1 Technical March 08

Yesterday in late session EUR/USD got bullish strength and target 150 pips. Pair still have a strength to move up and target its next resistance 1.3141 level. If EUR/USD breakthrough this level and H4 candle close above it then pair is likely to continue its uppish trend and  test its next resistance at 1.3170 level.

On the other hand, break of support level will show bearish strength for pair and EUR/USD will then move southward and target 1.2950 level.

High impact News can affect the trend of pair. News like Non-Farm Employment Change, Unemployment Rate.