Browsing all articles tagged with pull back
Jul
8

GBP/USD D1 Technical July 08

GBP/USD  is so weak there is no  signals for long trade. Bollinger bands are providing sell signals for the pair. If pair manage to reached to 1.4950 level and get a pull back and H4 candle closure below this level then pair will start moving towards southward.

Today pair is expected to move more downward   and target 1.4830 level. Then price action on this level should be watch. D1 and H4 chart are showing group of buyers in this area. if pair get a bounce and H4 and D1 candle closure above 1.4900 then it will indicate buy signals for the cable.

Jul
8

EUR/USD D1 Technical July 08

On last Friday, pair get bearish and dropped towards 1.2830 level.  Bollinger bands are still showing bearish signal.  Pair is expected to test its next support at 1.2750 level.

There can be two scenarios. Firstly, If pair manage to reached to 1.2860 level then we can sell this pair with stop loss above 1.2900 level and take profit at 1.2800.

Secondly, If pair manage to break 1.2900 level then we can buy this pair and take profit at 1.2950 level. If pair get a pull back from 1.2950 level then pair will fall again towards 1.2850 level.

High impact News can affect the movement of pair. News like Eurogroup Meetings, ECB President Draghi Speaks.

 

Jul
5

GBP/USD D1 Technical July 05

GBP/USD is under pressure. Pair get a strong pull back from 1.5260 level and dropped up to 250 level. Now the support is around 1.5000 level. H4 and D1 candle chart are showing buyers in this area. If Cable manage to hold this physical level then pair will test its today’s resistance at 1.5125 level.  Further bullish scenario will be confirmed if pair manage to give a day closure above 1.5125 level then pair will continue its bullish trend towards 1.5260 level.

On the other hand, If pair didn’t manage to hold its support level 1.5000 then pair will fall rapidly towards southward and target 1.4950 level.

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

Jul
2

USD/CAD D1 Technical July 02

USD/CAD is trading in a range of  1.0420-1.0560 level.  Bollinger band  are not providing clear signals due to oversold of pair. Price action on 1.0560 level should be carefully watch. Break through resistance will allow USD/CAD to continue its bullish trend.

On the contrary. If USD/CAD didn’t manage to break its resistance and get a pullback hen pair will dropped towards southward and target will be 1.0420 level.

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
27

EUR/USD D1 Technical June 27

EUR/USD manage to break its support level 1.3006 yesterday. Now pair is expected to target 1.2950 level. Bollinger bands are showing sell signals for the pair. Price action on 1.3107  level should be watch.

If EUR/USD manage to reached that level and get a pull back and H4 candle closure below resistance then it will provide a valid sell entry with stop loss located just above 1.3150 level and take profit at 1.2955 level.

On the contrary, If pair manage to break through its resistance and H4 candle closure above 1.3107 then it will allow pair to further move up and target 1.3150-75-200 level respectively.

High impact News can change the scenario. News like Unemployment Claims, Pending Home Sales m/m, Italian 10-y Bond Auction.

 

Jun
24

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.

Jun
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

Jun
19

AUD/USD D1 Technical June 19

Aussies is under pressure. Today’s resistance is at 0.9525 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9525 level should be carefully handle. There can be two scenarios.

First, If AUD/USD manage to break through 0.9525 level and H4 candle closure above resistance level then it will indicate  pair got some bullish strength that will allow pair to further move upward and target 0.9580 level.

Secondly, If pair got a pull back from 0.9525 level and H4 candle closure below 0.9510 level then AUD/USD will start falling and target will be 0.9430-400 level.

High impact News can change the scenario. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

Jun
18

EUR/USD D1 Technical June 18

The outlook for the EUR/USD is bullish above 1.3300 level. Bollinger bands are also showing buy signals for the pair. The key level is now 1.3400-35 level. Price action on this level should be carefully watch. If pair get a pull back from this zone and H4 candle closure below 1.3390 level then it will provide a valid sell entry point.

On the contrary, If EUR/USD manage to break through 1.3435 level and H4 or D1 candle chart closure above resistance zone then it will open gates towards northward and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like Building Permits, Core CPI m/m.