Browsing all articles tagged with outlook
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
24

GBP/USD D1 Technical June 24

The outlook for the pair is now bearish below 1.5415 level. Bollinger bands are showing sell signals for the pair. But price action on 1.5415 level should be carefully watch.

If GBP/USD manage to break its resistance and H4 candle closure above 1.5415 then pair will move further towards northward. But if pair fails to break 1.5415 level and H4 candle closure below resistance level  then it will indicate more bearish strength that will take the pair towards 1.5260 level.

Jun
17

GBP/USD Technical June 17

The longer term outlook for the Cable remain bullish. Bollinger bands are showing buy signals for the pair. Price action on 1.5736 level should be watch. If GBP/USD manage to break 1.5736 level and H4 candle closure above resistance then GBP/USD will gain more bullish potential that will take pair further up towards north and GBP/USD will then target 1.5800 level.

But if GBP/USD manage to break its support 1.5685 level and H4 candle closure below this level then pair will dropped towards south and target 1.5640-600 level respectively.

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.

May
27

GBP/USD D1 Technical May 27

The longer term outlook for the GBP/USD is bullish, if pair manage to hold 1.4990 level then pair will continue its bullish trend. Bollinger bands are showing sell signals but pair is expect to move up first and test its resistance at 1.5217-60 level. If pair get a pull back and H4 candle closure below 1.5260 level the it will provide a valid sell entry.

On the other hand, break of 1.4990 level will change the scenario and GBP/USD will rapidly dropped towards southward.

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
20

EUR/USD D1 Technical May 20

The outlook for EUR/USD remain bearish but currently D1 and H4 candle chart are showing uppish trend which will take EUR/USD to test its resistance at 1.2880 level. Bollinger bands are tighten due to oversold of pair.

There can be two scenario. First, if EUR/USD manage to break its resistance and H4 candle chart close above 1.2880 level then it will provide more potential to EUR and pair will further move towards north.

Secondly, Pair can get a pullback form 1.2880 level. So price action on 1.2880 level should be watch. If pair fails to overcome this level and H4 closure below 1.2880 level then it will provide a valid sell entry.

 

May
2

GBP/USD D1 Technical May 02

The long term outlook remain bullish for GBP/USD. Yesterday GBP/USD manage to reached its physical level 1.5600. Now the resistance its around 1.5611 level. D1 is showing overbought zone for pair. So correction is expected.

There can be Two scenarios. First, GBP/USD move up and break its resistance and if  H4 candle close above 1.5611 level then cable is likely to got more bullish strength and continue its uppish movement.

Secondly, Price action on 1.5504 level should be watch. Above this level pair will remain in bullish trend. If GBP/USD manage to hold this level and H4 candle close above 1.5504 then it will provide again a good buy entry point.

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

May
1

GBP/USD D1 Technical May 01

The longer term outlook for the cable remain bullish. Now the resistance is around 1.5585 level. We are expecting GBP/USD to move down and test its support level 1.5465. Price action should be watch on this level.

If GBP break through its support level and H4 candle closure below 1.5465 then it will allow pair to dropped further towards 1.5420 level.

The scenario will be vanished, if GBP/USD break its resistance 1.5585 level and H4 candle close above this then pair will continue its bullish trend.

High impact News can change the scenario. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Apr
30

GBP/USD D1 Technical April 30

Today’s outlook for GBP/USD is bearish. Pair is expected to face its support around 1.5415 level. Bollinger bands are also providing sell signals for the cable. If pair manage to break through its support and H4 candle close below 1.5415 level it will indicate more bearish potential for GBP/USD. On the contrary, If pair manage to hold its support level and give a day closure above 1.5500 then it will indicate GBP/USD got bullish strength which will take pair further upward and target 1.5550-87 level respectively.

High impact News can affect the move of GBP/USD. News like CB Consumer Confidence.