Browsing all articles tagged with Prelim GDP q/q
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
25

GBP/USD D1 Technical April 25

GBP/USD got bullish in Asian session and target 1.5330. At this level a trend line is held which resist the pair and now cable is floating under the trend line. Break through this trend line and H4 closure above 1.5360 will provide more bullish strength to GBP/USD and pair will then target 1.5400-30-60 level respectively.

The scenario will be vanished, If GBP/USD didn’t manage to break this trend line, then cable will rapidly start falling towards south.

High impact News can affect the move of GBP/USD. News like Unemployment Claims, Prelim GDP q/q.

Feb
28

EUR/USD D1 Technical February 28

Pair is in bearish strength today. Bollinger bands are not providing clear signals for the EUR/USD. Yesterday closure below resistance provide pair  bearish strength. Now pair will face its support 1.3009 level. Price action on this level should be carefully handle. If pair manage to break this level and H4 candle close below it, then EUR/USD is likely to continue its bearish trend and target 1.2880 level. On the contrary, if H4 candle close above support level. It will change the scenario and EUR/USD will then again move towards northward.

High impact News can change the scenario. News like Prelim GDP q/q and Unemployment Claims.

Feb
28

AUD/USD D1 Technical February 28

 

Aussies is in bullish strength, pair is currently testing its resistance at 1.0290 level. If AUD break this level and H4 candle close above 1.0290 then it will indicate that pair got more potential to move upward. If H4 candle close below 1.0290 level it will change the scenario and AUD/USD will then move towards south.

High impact News of USD can affect the trend of AUD/USD. . News like Prelim GDP q/q and Unemployment Claims.

 

Jan
25

GBP/USD D1 Technical January 25

Cable breaks its support yesterday but as rate is at last bollinger showing oversold of GBP. So there can be some retracement. If pair manage to break 1.5825 level and H4 close above this level, then pair will move upward.
High impact News can affect the movement of pair. News like New Home Sales and Prelim GDP q/q.

Nov
29

AUD/USD D1 Technical November 29

AUD/USD trapped in a range of 1.0425-1.0500 levels. We are seeing some bullish strength in pair. If Aussies manages to hold its support today, it should then break 1.0500 level.

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

Nov
29

EUR/USD D1 Technical November 29

EUR/USD will face resistance at 1.3019 today. Price action on 1.3000-19 levels should be carefully watched. If H4 candle close above 1.3019 level, it will indicate strong bullish strength and pair will continue its northward movement.

High impact Data’s of USD can affect the movement of EUR/USD. Data’s like Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.