Browsing all articles tagged with overcome
Jun
24

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.

Jun
3

GBP/USD D1 Technical June 03

The longer term trend for the cable is bullish now. Pair manage to break 1.5300 level. GBP/USD is expected to continue its bullish trend and target 1.5400 level price action on this level should be carefully watch.

If GBP/USD manage to overcome this level and give a day closure above physical level 1.5400 then pair will further move upward and target 1.4500 level.

May
29

GBP/USD D1 Technical May 29

GBP/USD got more bearish after it fails to overcome 1.5160 level and dropped more then 100 pips. Now the key level is 1.4980. Cable is expected to face this level. Price action on 1.4980 level should be carefully handle.

There can be two scenarios, First if GBP/USD manage to hold 1.4980 level and give a day closure above 1.5080 level then pair will indicate bullish signals and provide a valid buy entry with Sl located just below 1.4980 level.

Secondly, If Cable fails to hold its key level and H4 or D1 closure below 1.4980 level then it will indicate a strong bearish trend. Which will open gates towards southward and take pair further downward.

May
28

GBP/USD D1 Technical May 28

GBP/USD didn’t manage to overcome 1.5180 level yesterday and get bearish strength and currently it is dropping towards  support 1.5023-1.4980 level. Bollinger bands are showing sell signals for GBP/USD.

There can be two scenario, first if cable manage to hold 1.4980 level which is acting as strong support then GBP/USD will start a new bullish trend.

But if cable fails to hold 1.4980 level and give a day closure below  1.4980 level. It will then indicate strong bearish strength which will take GBP/USD further down.

 

May
27

EUR/USD D1 Technical May 27

EUR/USD didn’t manage to overcome its resistance 1.3006 last week and get a strong pull back. The trend is bearish for today. Pair will face  its support at 1.2880 level.

Price action on this level should be carefully watch. If pair manage to break support level and H4 candle close below 1.2880 level then EUR/USD will start fall towards southward.

On the contrary, break though 1.3006 level if change the scenario and EUR/USD will then move upward and target 1.3070 level.

 

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
13

EUR/USD D1 Technical 13

The outlook for the EUR/USD is bearish for today. Pair will face its support at 1.2928 level. Bollinger bands are showing sell signals for EUR/USD. If pair manage to break through its support level and H4 candle close below 1.2928 level then it will show bearish potential and EUR will then dropped further towards south and target 1.2880 level.

The scenario will be vanished, If EUR/USD manage to overcome its resistance 1.3045 level and H4 closure above 1.3045 will take pair further high towards northward.

High impact News can affect the Trend of pair. News like Core Retail Sales m/m, Retail Sales m/m, Eurogroup Meetings.

 

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

EUR/USD D1 Technical May 07

The daily outlook for the EUR/USD is bearish for today. Resistance is now at 1.3145 level. Price action on this level should be watch carefully. If EUR/USD manage to break through this level and H4 candle close above 1.3145 level then pair will move further upward and target 1.3170-200-40 level respectively.

On the other hand, If EUR/USD fails to overcome its resistance and H4 candle close below 1.3145 level then pair will dropped towards its support 1.3050 level.

Apr
29

EUR/USD D1 Technical April 29

 

EUR/USD is expected to face its resistance at 1.3080 level. If pair manage to break this level and H4 candle closure above 1.3080 level then it will allow pair to continue its bullish trend and target 1.3140-70 level respectively.

The scenario will be vanished. If EUR/USD didn’t manage to overcome its resistance and H4 closure below 1.3080 level then it will indicate bearish potential and ER/USD will rapidly fall towards southward.

High impact News can affect the move of EUR/USD. News like Italian 10-y Bond Auction, Pending Home Sales m/m.