Browsing all articles tagged with range
Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

High impact Data’s can affect the pair. Data’s like Non-Farm Employment Change, Unemployment Rate, Employment Change, Ivey PMI.

Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

Jul
2

GBP/USD D1 Technical July 02

The structure or the Cable is not clear yet. Today range for the GBP is 1.5150-1.5270 level.  Bollinger bands are showing buy signal for the pair. There can be two scenario.

Firstly, If pair manage to break its support 1.5150 level and then it will allow pair to target 1.5100 level.  Secondly, if pair manage to hold its support level and H4 candle chart closure above support then it will take GBP/USD towards northward and pair will then target 1.5270 level which is today’s resistance.

High impact Data of GBP can affect the trend of Pair. Data like Construction PMI.

Jun
12

USD/CAD D1 Technical June 12

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

Jun
5

USD/CAD D1 Technical June 05

USD/CAD is showing mix trend. Pair is trading in a range of 1.0250-1.0390 level. Break of any level will clear the trend.

Pair is expected to remain bullish above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullish strength and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level. Then it will open gate towards south and pair will target then 1.0200 level.

High impact News can affect the pair. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI, Building Permits m/m.

 

Jun
4

USD/CAD D1 Technical June 04

USD/CAD is showing mix trend. pair is trading in a range of 1.0250-1.0420 level. Break of any level will clear the trend.

Pair is expected to be in bullish mood above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullishness in the pair and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level will open gate towards south and pair will target then 1.0200 level.

High impact Data’s can affect the move of USD/CAD. Data’s like Trade Balance.

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

High impact News can change the scenario. News like CB Consumer Confidence.

Apr
24

USD/CAD D1 Technical April 24

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario. First, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.

On the other hand, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.

High impact News can effect the trend of USD/CAD. News like BOC Gov Carney Speaks.

 

Apr
22

USD/CAD D1 Technical April 22

USD/CAD is trading in a range of 1.0200-0290 level. Break of any level will clear the trend. If USD/CAD manage to break 1.0290 level and H4 candle close above resistance then USD/CAD will gain bullish strength and continue its uppish trend. But if pair fails to overcome its 1.0290 level then pair will start moving southward and target 1.0200 level.

High impact News of USD can affect USD/CAD. News like Existing Home Sales.

Apr
10

USD/CHF D1 Technical April 10

USD/CHF is trading in a range of 0.9380-0.9313 level. The trend is not clear yet. Break of any level will clear the trend for the pair. We are expecting USD/CHF to break its support level and dropped further southward. But if USD/CHF manage to hold its support level then pair will target 0.93800 level which is daily resistance.

High impact News of USD can affect the pair. News like FOMC Meeting Minutes.