Browsing all articles tagged with Pivot point
Jul
5

EUR/USD D1 Technical July 05

EUR/USD get a pull back from 1.3000 level yesterday after the news of ECB and dropped up to 140 pips. Now the support is at 1.2850 level and resistance is around 1.2950 level. break through any level will confirm the new trend for the pair. At this movement Bollinger bands are showing sell signals. But as long pair hold 1.2850 level there can up some upward movement.

So, price action on support level should be watch. H4 and D1 candle chart are showing a group of Buyers in this zone. If EUR/USD manage to hold its support and H4 candle closure above 1.2950 level then it will provide bullish strength to pair and EUR/USD will then continue its uppish trend towards 1.3048 which is acting as pivot point.

On the contrary, If pair fails to hold its support level 1.2850 and H4 candle closure below this level then it will open gates towards southward and EUR/USD will then fall rapidly towards 1.2800 level.

High impact News can affect the movement of EUR/USD. News like Non-Farm Employment Change, Unemployment Rate.

 

Jul
4

Fundamental Weekly Analysis of GBP/USD July 02 to 06

If the pair is on the Weekly Pivot, price will move towards R1 or S1. If the price is at Weekly R1, wait for a move to R2 or back towards PP. If the price is in S1, wait for a move to S2 or back towards Pivot point. If the price is R2, wait for a move back to R3 or R1, If the price is in S2, wait for a move back to S3 or S1.


Jun
27

Fundamental Weekly Analysis of GBP/USD June 27

If the pair is on the Weekly Pivot, price will move towards R1 or S1. If the price is at Weekly R1, wait for a move to R2 or back towards PP. If the price is in S1, wait for a move to S2 or back towards Pivot point. If the price is R2, wait for a move back to R3 or R1, If the price is in S2, wait for a move back to S3 or S1.

Jun
27

Fundamental Weekly Analysis of EUR/USD June 27

If the price is in the Weekly Pivot, price will move towards R1 or S1. If the price is at Weekly R1, wait for a move to R2 or back towards PP. If the price is in S1, wait for a move to S2 or back towards Pivot point. If the price is R2, wait for a move back to R3 or R1, If the price is in S2, wait for a move back to S3 or S1.