Browsing all articles tagged with Pending Home Sales m/m
Jun
27

USD/CAD D1 Technical June 27

USD/CAD get a pull back from 1.0555 level and now trading at 1.0439 level. Support is now at 1.0390 level. There can be two scenario.

First if USD/CAD manage to break through its support and H4 candle closure below support then it will allow pair to further move towards southward. Secondly, If pair manage to hold its support level then pair will continue its uppish trend and target 1.0555-600 level.

High impact Data’s of USD can affect the movement of USD/CAD. Data’s like Unemployment Claims, Pending Home Sales m/m.

Jun
27

GBP/USD D1 Technical June 27

Cable is under pressure. Pair is expected to test its next support around 1.5260 level. Bollinger bands are providing sell signals for the GBP/USD. If pair manage to break through 1.5260 level and H4 or D1 candle closure below this level then it will show pair is more under pressure and GBP/USD rapidly fall towards southward and target 1.5200-160 level respectively.

But if pair fails to break its support level and get a bounce from its support then pair will start a new bullish trend and target 1.5415 level.

High impact News can affect the pair. News like Unemployment Claims, Pending Home Sales m/m, Current Account.

Jun
27

EUR/USD D1 Technical June 27

EUR/USD manage to break its support level 1.3006 yesterday. Now pair is expected to target 1.2950 level. Bollinger bands are showing sell signals for the pair. Price action on 1.3107  level should be watch.

If EUR/USD manage to reached that level and get a pull back and H4 candle closure below resistance then it will provide a valid sell entry with stop loss located just above 1.3150 level and take profit at 1.2955 level.

On the contrary, If pair manage to break through its resistance and H4 candle closure above 1.3107 then it will allow pair to further move up and target 1.3150-75-200 level respectively.

High impact News can change the scenario. News like Unemployment Claims, Pending Home Sales m/m, Italian 10-y Bond Auction.

 

Jun
27

AUD/USD D1 Technical June 27

Yesterday in late New York session Aussies manage to move up and test 0.9350 level but fails to break it and get a strong pull back  and target around 100 pips. Bollinger bands are not providing clear signals yet. But price action on 0.9350 level should be watch.

If AUD/USD manage to break this level and H4 candle closure above resistance then it will indicate more bullish strength and pair will then continue its upward movement.

On the other hand, If pair get a pull back and H4 candle closure below resistance level then pair will rapidly fall towards 0.9200 level.

High impact News can affect the trend of AUD/USD. News like Unemployment Claims, Pending Home Sales m/m.

May
30

GBP/USD D1 Technical May 30

GBP/USD manage to hold 1.5000 level yesterday and target 1.5160 level in early Asian session. Now GBP/USD is expecting to continue its uppish trend and target 1.5200-60 level respectively.

The scenario will be vanished. If cable fails to hold its support 1.5080 level and D1 or H4 candle chart closure below support level. It will then indicate bearish strength and GBP/USD will then continue its trend and target 1.5008-4980 level respectively.

High impact News can affect the pair. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m. Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
30

USD/CAD D1 Technical May 30

 

USD/CAD got a strong pull back from 1.0420 level and dropped around 100 pips. As the trend line is also broken. So, pair is expected to face its support at 1.0280 level.

Price action on this level should be carefully handle. If pair manage to break support level and give a day closure below 1.0280 level then pair will get more bearish strength that will take USD/CAD towards 1.0200 level.

But if USD/CAD hold 1.0280 level and manage to break 1.0390 level then  pair will continue its bullish trend and target 1.0445 level.

High imapct Data’s of USD can change the scenario. Data’s like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
30

EUR/USD D1 Technical May 30

EUR/USD is in bullish mood today but as long resistance 1.3006 is not broken pair can get a pull back from this zone. So, price action on 1.3006 level should be carefully watch. If pair manage to break its resistance and H4 candle chart closure above this level then EUR/USD will further move upward.

On the other hand. If pair didn’t manage to break through its resistance and get a pull back then it will provide a valid sell entry point with stop loss just located above 1.3006 level and take profit at 1.2880 level.

High impact News can affect the trend of EUR/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

May
30

AUD/USD D1 Technical May 30

Aussies get a bounce from its support 0.9527 level  yesterday and now trading near its pivot point 0.9695 level. In Asian session due to positive data of Building Approvals m/m AUD/USD target around 90 pips.

Bollinger bands are not providing clear signals yet. The support is now at 0.9580 and resistance is around 0.9700 level. Price action on both level should be carefully watch.

There can be two scenario. First, If AUD/USD manage to beak 0.9695 level and give a day closure or H4 candle chart above 0.9695 level then it will indicate pair got bullish strength and Aussies will then further move towards northward.

On the contrary, If pair fails to hold its support 0.9580 level and D1 or H4 candle chart closure below this level this will indicate lack of bullish potential and pair will hen continue its bearish trend.

High impact News can affect the movement of AUD/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.

 

Apr
29

USD/CAD D1 Technical April 29

USD/CAD will test its support at 1.0140 level. Price action on this level should be handle carefully. If pair manage to hold this level and H4 candle close above 1.0140 level then pair is likely to move towards northward. The scenario will be change, if USD/CAD break 1.0140 level and H4 candle close below support level then it will allow pair to dropped further towards 1.0075 level.

High impact News of USD can affect the pair. News like Pending Home Sales m/m.

Apr
29

GBP/USD D1 Technical April 29

The long term outlook for cable remain bullish. As the rate is on top of bollinger showing oversold for GBP/USD so there will so some correction. If GBP/USD test its resistance at 1.5550 level and fails to give a H4 closure above 1.5550 level then pair is likely to dropped towards south and target 1.5420 level.

On the other hand, If cable manage to break its resistance and H4 candle closure above 1.5550 level then GBP/USD will continue to move upward.

High impact News can affect the trend of pair. News like Pending Home Sales m/m.