Browsing all articles tagged with pips
Jul
2

AUD/USD D1 Technical July 02

Aussies is under pressure.  In early Asian session pair get a pull back from 0.9250 level and target around 100 pips. The trend is still bearish for the pair. Price action on 0.9150 level should be carefully watch.

If AUD/USD manage to break through its support level and H4 candle closure below this level then it will indicate more bearish strength that will allow pair to face again 0.9100 level.  Break of 0.9100 level will further open gates towards southward.

On the other hand. If pair manage to hold its support 0.9150 level then AUD/USD will again start moving towards north and target will be 0.9260-300 level.

High impact News can affect the movement of AUD/USD. News like Retail Sales m/m, Trade Balance, RBA Gov Stevens Speaks.

Jun
18

AUD/USD D1 Technical June 18

 

Aussies is under pressure. In early Asian session pair dropped towards southward and target around 141 pips upto now. Bollinger bands are showing sell signals. But price action on 0.9423-400 level should be watch.

If AUD/USD manage to hold its support level and H4 candle closure above this level then it will provide a valid buy entry point. On the other hand, If AUD/USD fails to hold its support level and H4 or D1 candle chart closure below 0.9400 level that will indicate more bearish strength that will allow AUD to retest again its next support 0.9330-300 level.

High impact News can change the scenario. News like Building Permits, Core CPI m/m.

 

Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 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 Employment Change, Unemployment Rate.

Jun
3

AUD/USD D1 Technical June 03

AUD/USD manage to overcome its resistance and targeted around 180 pips. Pair is expected to continues this bullish trend up to 0.9840 level. Bollinger bands are not providing clear signals due to oversold of pair.

So price action on 0.9840 level should be carefully watch. If AUD/USD manage to break this level today and D1 or H4 candle closure above resistance level then it will indicate more bullish strength and pair will then continue its northward movement.

On the other hand. If AUD/USD get a pull back from 0.9840 level and close under 0.9800 then it will provide a valid sell entry point with SL located just above 0.9840 level.

May
31

EUR/USD D1 Technical May 31

Yesterday EUR/USD manage to break its resistance 1.3006 level and target +50 pips. But pair didn’t manage to break 1.3070 resistance and got bearish strength and dropped. Now pair is expected to face next support at 1.2950 level.

If EUR/USD manage to break 1.2950 level and give a day closure below this level then EUR is continue its bearish trend and target 1.2880-800 level.

On the other hand, daily closure above 1.3070 level will change the scenario and EUR/USD will then further move upward.

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
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
29

AUD/USD D1 Technical May 29

Aussies is under pressure. Pair manage to break its support 0.9590 level and dropped around 65 pips. Bollinger bands are much tighten due to oversold of AUD/USD. But as support is broken, which is indicating more bearish strength so it is important to see price action on 0.9536 level.

If AUD/USD manage to hold 0.9536 level and H4 candle chart close above this level then it will provide bullish strength to AUD/USD and pair will then move upward.

On the contrary, If AUD/USD fails to hold its support and H4 candle close below 0.9536 then it will provide a valid sell entry target towards 0.9350 level.

High impact News of AUD can affect the movement of Aussies. News like Building Approvals m/m, Private Capital Expenditure q/q.

May
24

USD/CAD D1 Technical May 24

USD/CAD get a strong pull back from 1.0390 level and target  around 90 pips yesterday. Now the support is at 1.0280 level. Price action on this level should be carefully watch.

If USD/CAD break through its support and H4 candle closure below this level, it will then indicate bearish strength and pair will continue to fall towards 1.0200 level.

On the contrary. Break of 1.0390 level, will take pair to target 1.0420-45 level respectively. If pair manage to give a weekly closure above 1.0445level then USD/CAD will further move towards north.

High impact News of USD can affect the trend of USD/CAD. News like Core Durable Goods Orders m/m.

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.