Browsing all articles tagged with oversold
Jun
24

AUD/USD D1 Technical June 24

Bollinger bands are not providing clear signal because of oversold. Now the support is at 0.9160 level and resistance is around 0.9318 level. Pair  is expected to move down and test its support first.

Price action on this level should be carefully watch. If Aussies manage to break through its support level and H4 candle closure below 0.9160 level then it will indicate more bearish potential and AUD/USD will then continue its bearish trend and target 0.9100 level.

On the contrary, If pair manage to hold its support level and get bounce then pair will start to move towards northward and target 0.9318 level.

Jun
13

AUD/USD D1 Technical June 13

AUD/USD got bullish trend above 0.9380 level. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9580 level.

Price action on 0.9580 level should be carefully watch. If AUD/USD manage to break through this level today and H4 candle closure above 0.9580 level then it will indicate more  bullish strength and Aussies will then target 0.9650-95 level respectively. Daily closure above 0.9696 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
11

AUD/USD D1 Technical June 11

AUD/USD is under pressure pair didn’t manage to hold its support 0.9380 level and rapidly fall towards 0.9330 level. Bollinger bands are much tighten due to oversold of AUD. Pair is expected to remain in bearish trend and target 0.9250 level.

But price action on 0.9380 level should be carefully watch. If AUD/USD manage to give a day closure above this level then Aussies will start a new bullish trend which will take pair first towards 0.9840 level.

On the other hand. If AUD/USD fails to close above 0.9250 level then pair will further dropped towards southward and target 0.9200 level.

 

Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.

May
27

AUD/USD D1 Technical May 27

AUD/USD is in under pressure. Price is at last Bollinger showing oversold for Aussies. If pair manage to hold 0.9580 support level then pair will continue its uppish trend.

But if AUD/USD didn’t manage to hold its support level and give a day closure below 0.9580 level then it will indicate a strong bearish strength and AUD will then continue its bearish trend towards 0.9350 level.

May
20

AUD/USD D1 Technical May 20

Aussies is under pressure. Bollinger bands are not providing clear signals due to oversold of AUD/USD. Pair is likely to move up for retracement. AUD/USD will first move up and face its resistance at 0.9825 level.

Price action on this level should be carefully watch. If pair manage to break this level and H4 candle closure above 0.9825 level then it will indicate pair got more bullish strength and AUD/USD will then further move upward.

On the contrary, If AUD/USD fails to break its resistance and H4 candle close below 0.9825 level, then pair will again start bearish movement.

High impact News of AUD can affect the movement of Aussies. News like Monetary Policy Meeting Minutes.

May
14

AUD/USD D1 Technical May 14

Pair is still under pressure. Bollinger bands are not providing clear signals sue to oversold of Aussies. If pair manage to break 1.0000 level and H4 candle close above resistance then pair is likely to move further upward.

On the other hand, If AUD/USD fails to break 1.0000 level and H4 candle close below this level then pair will again start moving downward and target 1.9926 level.

High impact News can change the scenario. News like Annual Budget Release.

 

May
9

USD/CAD D1 Technical May 09

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.

If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.

High impact News can affect the move of USD/CAD. News like Unemployment Claims.

May
8

USD/CAD D1 Technical May 08

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.

If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.

Apr
30

USD/CAD D1 Technical April 30

USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement.  If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.

The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.

High impact News of USD can change the scenario. News like CB Consumer Confidence.