Browsing all articles tagged with PPI m/m
Apr
12

GBP/USD D1 Technical April 12

Yesterday Cable got bullish and target up to 90 pips. Today pair will test its support at 1.5360 level. Price action on this level should be carefully watch. If GBP/USD manage to break its support and H4 candle close below 1.5360 it will indicate bearish strength for the pair and GBP/USD will then rapidly dropped towards south.

The scenario can be vanished. If GBP/USD manage to hold its support level and give a day closure above 1.5360 then pair will continue its bullish trend.

High impact Data’s can affect the move of pair. Data’s like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

Apr
12

USD/CHF D1 Technical April 12

USD/CHF got a support from 0.9290 level. Pair will face its resistance at 0.9340 level. If pair manage to break this level then next target will be 0.9380 resistance. Bollinger bands are showing buy signals for USD/CHF. If pair manage to break through 0.9380 level and give a day closure above 0.9380 then pair will further move up towards north.

High impact News of USD can affect the pair. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

Apr
12

EUR/USD D1 Technical April 12

EUR/USD got bullish in London session yesterday and target 1.3136 level. The resistance is at 1.3143 level. Now the outlook for the pair is bearish. Today EUR/USD will target its support at 13042 level. If pair manage to break this level and give a day closure below support then pair will further dropped towards south.

On the other hand, If EUR manage to hold its support level and give a day closure above 1.3145 level then it will indicate strong bullish strength and pair will then move further upward.

High impact News can affect the movement of EUR/USD. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

 

Apr
12

AUD/USD H4 Technical April 12

Yesterday Aussies manage to break its resistance 1.0547 and target around 35 pips. Now the resistance is at 1.0580 level. As the price is at last Bollinger showing oversold of AUD/USD. SO, there can be correction and pair will move down to test its support 1.0493 level.

Price action on this level should be carefully handle. If AUD/USD mange to break this level and H4 candle close below support then pair will further dropped towards south. On the contrary, If pair hold its support level and H4 candle close above 1.0493 level, it will indicate bullish potential and pair will again continue its uppish trend.

High impact News can change the scenario. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

Mar
14

USD/CHF D1 Technical March 14

Yesterday pair test its support 0.9430 but get a pullback due to positive news of USD. Pair still have strength to move upward and target 0.9555 level. If pair manage to break this level then it will allow pair to move up and target 0.9590-95. W1 is showing resistance at 0.9590 level.

So, price action on0.9590 level is important to watch. If pair manage to break resistance then it will further move towards north and continue its uppish trend. On the other hand. If pair didn’t manage to break resistance and H4 candle close below 0.9590 level then we are expecting USD/CHF to start moving towards south and target 0.9400 level.

High impact News can affect the move of USD/CHF. News like PPI m/m, Unemployment Claims.

Mar
14

EUR/USD D1 Technical March 14

EUR/USD test its resistance yesterday at 1.0370 but get a pull back and dropped up to 140 pips. Pair is expecting to move down first and test its support at 1.2870 level.

Price action on 1.2870 level should be carefully watch. D1 and H4 are showing group of buyers in this zone. So there can be two scenarios.

First, If pair manage to break support level 1.2870 and H4 candle close below 1.2870, then it will indicate bears are dominant and EUR/USD will the rapidly fall towards southward. Secondly, If pair fails to break 1.2870 level and H4 candle close above 1.2870 then this will indicate bullish strength and provide a valid buy entry.

High impact News can affect the trend of EUR/USD. News like PPI m/m, Unemployment Claims.

Mar
14

GBP/USD D1 Technical March 14

Yesterday GBP/USD manage to break its resistance 1.4950 level but positive News of USD change the scenario and take  pair towards south. Now daily resistance is at 1.4980 level and support is around 1.4860 level.

Today pair is expecting to test its resistance at 1.4980 level. Price action on this level should be carefully watch. If pair manage to break through resistance then it will allow GBP to move further up. On the other hand. If Cable didn’t manage to break 1.4980 level and H4 candle close below 1.4980 level. It will then change the strength of GBP/USD and pair will start moving towards south and target its support 1.4860 level.

High impact News can affect the movement of GBP/USD. News like PPI m/m, Unemployment Claims.

Mar
14

AUD/USD H4 Technical March 14

The positive News of Employment Change and Unemployment Rate give  boost to Aussies and it targeted up to 75 pips. Currently  AUD is testing its resistance at 1.0375 level. If pair manage to break 1.0375 level and H4 candle close above this level then AUD/USD is expecting to move further towards north.

On the contrary, If H4 candle fails to close above resistance level 1.0375. It will indicate bearish strength for the pair and Aussies will then again move towards south and target 1.0300 level.

High impact News can change the scenario. News like PPI m/m, Unemployment Claims.

Feb
20

GBP/USD D1 Technical February 20

GBP/USD is under pressure. The support is now at 1.5400 level. Bollinger bands are not showing clear signals due to oversold of pair. If pair manage to hold this physical level then we are expecting cable to target 1.5510 resistance level. If H4 candle close above 1.5510 level, then GBP will further move up and target 1.5550 level. On the other hand, daily closing below 1.5510 level will take GBP under more pressure and pair will then continue its southward trend.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change, MPC Meeting Minutes, Building Permits, PPI m/m and FOMC Meeting Minutes.

 

 

Feb
20

EUR/USD D1 Technical February 20

EUR/USD break its resistance in Asian session. Now we are expecting pair to continue its bullish trend and target 1.3485 level. If pair manage to break this level and give a daily closure above it, then pair will get more bullish strength and target further towards north. Daily closure below 1.3485 level will provide pair bearish strength and EUR will then again target 1.3400 level.

High impact New of USD can change the scenario. News like Building Permits, PPI m/m and FOMC Meeting Minutes.