Browsing all articles tagged with north
Jun
11

USD/CAD D1 Technical June 11

USD/CAD manage to hold its support 1.0160 level and move upward. As pair has break its resistance 1.0233 level now next target will be 1.0290. Bollinger bands are also showing buy signals for the pair.

Price action on 1.0290 level should be carefully watch H4 and D1 candle chart are showing group of sellers in this zone. So, if pair get a pull back from 1.0290 level and H4 candle closure below this level then USD/CAD will dropped again towards 1.0233-200 level.

The scenario will be change, If USD/CAD manage to break 1.0290 level and H4 or D1 candle chart closure above resistance level. It will then show more bullish potential that will take USD/CAD high towards north.

 

May
9

EUR/USD D1 Technical May 09

Yesterday EUR/USD break 1.3145 level and target around 50 pips. Now the resistance it at 1.3240 level. Price action on this level should be watch. There can be two scenario. First, If pair manage to break through 1.3240 level and H4 candle close above this level then it will indicate bulls are ready to take EUR/USD towards north.

Secondly, If EUR/USD fails to overcome 1.3240 level and H4 candle closure below resistance level then it will provide a valid sell entry with stop loss located above 1.3310 and take profit at 1.3050 level.

High impact News can change the scenario. News like Unemployment Claims.

 

May
7

GBP/USD D1 Technical May 07

The outlook remain bullish for the cable. The resistance is at 1.5611 and support around 1.5480 level. Today GBP/USD will test its support level.

If GBP/USD manage to break through 1.5480 level and give a day closure below this level then it will conform bearish reversal and pair will then rapidly  towards 1.5400 level.

The scenario will be vanished. If GBP/USD manage to break its physical level 1.5600 and closure D1 above 1.5611 level then it will indicate bulls are ready to take GBP/USD further towards north.

 

May
7

AUD/USD D1 Technical May 07

AUD/USD is in bearish mood. Bollinger bands are providing dell signals for the pair. Pair is likely to face its next support at 1.0145 level. Price action on this level should be carefully watch.

If Aussies break through this level and H4 candle close below 1.0145 level then it will show pair is under pressure and then AUD/USD will then continue its bearish trend.

On the contrary, If AUD/USD manage to hold its support level and Day closure above 1.0145 then pair will start moving towards north and target 1.0197 level first and continue onward its trend.

May
6

USD/CAD D1 Technical May 06

USD/CAD is in bullish mood. Pair will test its resistance at 1.0130 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure above 1.0130 level then pair will further move towards north.

The scenario will be change, If USD/CAD didn’t manage to hold its support 1.0050 level and H4 closure below support level will take pair down towards 1.0000 level.

High impact News can  affect the pair. News like Ivey PMI, Building Permits m/m.

May
1

AUD/USD D1 Technical May 01

AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing buy signals for the pair. Pair is expected to first test its support at 1.0290 level. Price action on this level should be carefully watch.

If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north.

On the other hand, If AUD/USD fails to hold its support level and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.

High impact News can affect the movement of AUD/USD. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Apr
30

AUD/USD D1 Technical April 30

AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing sell signals for the pair. Pair is expected to test its support at 1.0290 level. Price action on this level should be carefully watch.

If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north. On the other hand, If AUD/USD fails to hold its support level 1.0290 and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.

High impact News can affect the movement of AUD/USD. News like CB Consumer Confidence.

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
17

EUR/USD D1 Technical April 17

In late session EUR/USD break 1.3170 level and manage to give a day closure above this level. Now Pair is expected to continue its bullish trend and test its next resistance at 1.3240 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through this level and H4 candle close above resistance level then it will take EUR further toward north.

The scenario can be change, If EUR/USD didn’t manage to hold its support 1.3140 level and H4 candle closure below this level. It will then indicate bearish strength and pair will fall and target 1.3050 level.

 

Apr
15

AUD/USD D1 Technical April 15

Aussies get a strong pull back from 1.0580 level. Now pair is testing its support around 1.0390 level. Bollinger bands are showing sell signals for the pair. If AUD/USD manage to break through its support level and H4 candle close below 1.0390 then it will be indication of more bearish strength and pair will further move towards southward.

The scenario can be change, If AUD/USD manage to hold its support level and H4 candle close above 1.0400 level then pair will start moving towards north and target 1.0525 level.