Browsing all articles tagged with physical level
Jun
26

AUD/USD D1 Technical June 26

Yesterday Aussies move up and test its physical level at 0.9300.  Bollinger bands are providing clear signals due to oversold of pair. Now price action on 0.9180 which is today’s support should be watch.

If AUD/USD manage to break through this level and h4 candle closure below support then it will indicate pair have lack of bullish strength that will allow AUD/USD to further move southward and target 0.9120 level.

On the contrary, If pair manage to hold its support level 0.9180 level and H4 candle close above support then pair will move towards northward and target 0.9300 level.

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
31

USD/CAD D1 Technical May 31

USD/CAD manage to hold physical level 1.0300 and get a bounce. Now pair is expected to continue its bullish trend and test its resistance at 1.0390 level. If par manage to break 1.0390 level it will then target 1.0420-45 level.

Price action on 1.0445 level should be carefully watch. If USD/CAD get a pull back from this area and D1 closure below 1.0390 level then it will indicate strong bearish strength which will open gate towards south and pair will then target 1.0300-250-200 level respectively.

May
10

GBP/USD W1 Technical 10

Due to positive data of USD GBP/USD didn’t manage to overcome its physical level 1.5600 level and fall around 290 pips this week. Break of 480-400 level indicating GBP is now under pressure.

Bollinger bands are showing  bearish signal for the pair. Cable is expected to target 1.5250 level next week. W1 and D1 are showing buyers in this zone. So if GBP/USD manage to hold 1.5250 level then pair will start a new bullish trend which will take GBP/USD higher towards 1.5800 level.

On the other hand, If GBP/USD fails to hold 1.5250 level and give a day closure below this level then it will provide a valid sell entry point which will target towards 1.5180-100 level respectively.

May
6

EUR/USD D1 Technical May 06

The trend for the EUR/USD is neutral. Bollinger bands are also not providing clear signals for the pair. Below 1.3200 level EUR/USD remain in bearish trend. Currently EUR/USD is testing its physical level 1.3100 level.

Price action on this level should be watch. If pair fails to hold this level and H4 candle close below 1.3100 level then it will indicate bearish potential for EUR/USD and pair will rapidly dropped towards southward.

High impact News can affect the move of EUR/USD. News like ECB President Draghi Speaks.

 

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.

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

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

Apr
24

EUR/USD D1 Technical April 24

The outlook for EUR/USD is bearish for today. Bollinger bands are also providing sell signals for the pair. Today EUR/USD will test its support at 1.2950 level. If EUR/USD manage to break this level and H4 candle closure below 1.2950 level then it will show more bearish potential and EUR/USD will then fall towards south and target 1.2900 level.

On the other hand. If pair manage to overcome its physical level and H4 candle closure above 1.3000 level then EUR/USD will start moving upward and target 1.3070 level. Break of 1.3070 level will further allow pair to move northward and target 1.3140 level respectively.

High impact News of EUR can affect the move of pair. News like German Ifo Business Climate.

 

Apr
17

USD/CAD D1 Technical April 17

 

USD/CAD manage to hold its physical level 1.0200. Now pair is expected to move up and test its resistance at 1.0290 level. Price action on this level should be carefully watch. If pair manage to break through  its resistance then it will allow USD/CAD to further move upward. But if price close below 1.0290 level, it will be indication of bearish strength and provide a valid sell entry.

High impact News of CAD can affect the move of pair. News like BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, BOC Press Conference.

Mar
21

AUD/USD D1 Technical March 21

Yesterday Aussies move up in late session and target 1.0400 level but didn’t manage to overcome physical level. So now pair is trading at 1.0365 level and pair is expecting to further move down and target 1.0330 level which is daily support.

Price action on this level should be watch. If pair manage to hold 1.0330 level and get bounces on this level that will indicate bullish strength and pair will start moving upward. On the other hand, break of 1.0330 level will allow AUD/USD to dropped further southward and target 1.0290 level.

High impact News of USD can affect the trend of AUD/USD. News like Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.