Browsing all articles tagged with pressure
Jul
8

AUD/USD D1 Technical July 08

AUD/USD is under pressure. Pair is trading near 0.9050 level. Pair is expected to continue its bearish trend and target 0.9030-00 level. Bollinger bands are not providing clear signals for the pair. Price action on 0.9000 level should be watch.

If AUD manage to hold this level and get a bounce then it will indicate pair has some bullish strength that will allow pair to continue its uppish movement, On the contrary, If pair fails to hold its support level and D1 candle closure below this level then it will indicate more bearish strength and pair will then continue its bearish trend.

May
28

EUR/USD D1 Technical May 28

After getting two times pull back from 1.3000 level EUR/USD start fall towards 1.2880 level. As pair manage to break this level now EUR/USD is expected to move southward and target 1.2800 level. Bollinger bands are also showing sell signals.

Price action on  1.2800 level is important to watch. a group of buyers there in D1 and H4 chart. If EUR/USD reached 1.2800 level and get a pull back then it will provide a valid buy entry.

On the contrary, if pair manage to break 1.2800 level and D1 closure below support level then it will indicate EUR is under pressure and then pair will continue its bearish trend.

 

May
27

AUD/USD D1 Technical May 27

AUD/USD is in under pressure. Price is at last Bollinger showing oversold for Aussies. If pair manage to hold 0.9580 support level then pair will continue its uppish trend.

But if AUD/USD didn’t manage to hold its support level and give a day closure below 0.9580 level then it will indicate a strong bearish strength and AUD will then continue its bearish trend towards 0.9350 level.

May
13

AUD/USD D1 Technical 13

AUD/USD is under pressure. Today’s support is at 0.9950 level. Bollinger bands are not providing clear signals due to oversold of Aussies. Price action on 0.9950 level should be carefully watch.

If AUD/USD manage to hold its support level and H4 candle close above 1.0000 level then it will indicate some bullish strength and pair will start to move upward. On the contrary, Break of 0.9950 level will allow pair to rapidly fall towards south and target 0.9900 level.

High impact News can affect the movement of AUD/USD. News like Core Retail Sales m/m, Retail Sales m/m.

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
8

AUD/USD D1 Technical May 08

Aussies manage to hold its support level 1.0145 level yesterday. Now pair is expected to move towards northward, if 1.0145 level is not broken. Bollinger bands are not providing clear signals due to oversold of AUD/USD.

Price action on 1.0145 level should be watch. If pair manage to hold this level then Aussies will start moving towards north. On the contrary, break through support level and H4 closure below 1.0145 level will indicate pair is under pressure and Aussies will then continue its bearish trend which starts from 1.0580 level.

High impact News can affect the trend of AUD/USD. News like Employment Change, Unemployment Rate.

May
7

AUD/USD D1 Technical May 07

AUD/USD is in bearish mood. Bollinger bands are providing dell signals for the pair. Pair is likely to face its next support at 1.0145 level. Price action on this level should be carefully watch.

If Aussies break through this level and H4 candle close below 1.0145 level then it will show pair is under pressure and then AUD/USD will then continue its bearish trend.

On the contrary, If AUD/USD manage to hold its support level and Day closure above 1.0145 then pair will start moving towards north and target 1.0197 level first and continue onward its trend.

Mar
21

EUR/USD D1 Technical March 21

 

Under 1.3000 level EUR/USD remain under pressure. We are expecting pair to move south and target its strong support at 1.2799 level. But price action on 1.3000 level should be carefully watch. A trendine is also held there. So if price reached to 1.3000 level and H4 candle close below 1.3000 level that it will provide pair bearish strength and pair will then move towards south. On the contrary, breakthrough of trend line will take EUR further upward and target 1.3070 level.

High impact Data’s can change the scenario of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
20

EUR/USD D1 Technical March 20

The outlook for the EUR/USD is bearish. Pair is likely to test its support at 1.2799 level. Bollinger bands are not providing clear signals for the pair. Yesterday EUR dropped around 140 pips in late session, which is indicating pair is now under pressure .

There can be two scenario now. First EUR/USD go towards south and test its support at 1.2799 level  and get a good support and move further towards northward. This scenario will be done, If pair manage to hold its support level and H4 candle close above support level.

On the other hand, If EUR/USD manage to break through its support level and H4 candle close below this level. This will then indicate more bearish pressure on EUR/USD and pair will further fall towards south.

High impact News of USD can change the scenario. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.

Mar
18

USD/CHF H4 Technical March 18

USD/CHF is under pressure. On Friday pair didn’t manage to give a closure above 0.9385 level. So now pair is expecting to move southward and again test its support 0.9485 level. Price action on 0.9385 should be handle carefully. If USD/CHF break this support and H4 candle close below 0.9385. It will then open gate towards south and pair is likely to dropped and target next support level at 0.9330.