Browsing all articles tagged with rebound
Mar
7

AUD/USD D1 Technical March 07

AUD/USD is showing mix trend. Bollinger bands are showing sell signals for the pair. Pair is now testing its resistance 1.0290 level and suggested a rebound. If pair manage to break 1.0290 level and H4 candle close above it then pair is likely to move up and target 1.0350-75 respectively.

On the other hand, If h4 candle close below 1.0290 level then it will indicate bearish strength for the pair. Aussies will then continue its bearish strength and target will be 1.0200-1.0150 level respectively.

High impact News can affect the trend of AUD/USD. News like Trade Balance, Unemployment Claims, Bank Stress Test Results.

Feb
15

GBP/USD D1 Technical February 15

GBP/USD is under pressure. Pair  is testing its support 1.5450 level and suggested a rebound. Bollinger bands are tighten due to oversold of pair, So there can be retracement and if GBP/USD manage to break 1.5450 level and H4 candle close below it, then it will open gate for pair to target 1.5400 level.

High impact News can affect the movement of pair. News like Prelim UoM Consumer Sentiment.

Nov
23

GBP/USD D1 Technical November 23

Rate is currently testing its support at 1.5910-900 and seems like it will get a rebound and will target 1.5970-1.6000 levels respectively. However Breakthrough of 1.5880 level will reverse the scenario.

Nov
13

USD/CHF D1 Technical November 13

USD/CHF met mentioned target of 38.2% retracement of 0.9971 to 0.9214 at 0.9503 and there is no clear sign of topping yet. Sustained break of 0.9503 would target 50% retracement at 0.9593 next. Though, break of 0.9380 will argue that rebound form 0.9214 is finished and turn outlook back to the downside for 0.9276 support for confirmation. Federal Budget Balance and FOMC Member Yellen Speaks can affect the rate of pair.

Nov
13

USD/JPY D1 Technical November 13

On daily chart USD/JPY’s deeper decline is still expected with 79.81 resistance holds. Current fall from 80.67 would extend to 77.93/78.86 support zone. As noted before, whole rebound from 77.13 might be finished after meeting 80.61 cluster resistances and another low below 77.13 is expected. Federal Budget Balance and FOMC Member Yellen Speaks can affect the rate of pair

Sep
10

EUR/USD D1 Technical September 10

On daily chart EUR/USD remains on the upside for the moment and current rebound from 1.2042 is expected to continue to 38.2% retracement of the fall from 1.4939 to 1.2042 at 1.3149 next. On the downside, below 1.2750 minor support will turn outlook sideway and bring consolidations. But downside should be contained well above 1.2501 support and bring another rally.

Aug
15

USD/JPY D1 Technical August 15

USD/JPY’s rebound from 77.90 extends further to as high as 78.98 so far and further rally could be seen. But after all, we’ll stay bearish as long as 79.13 resistance holds. So we recommend sell deals as soon as the cable reaches the resistance. Core CPI m/m, Empire State Manufacturing Index can affect the rate of pair.

Aug
15

USD/CAD D1 Technical AUGUST 15

On daily chart recovery in USD/CAD remains weak so far and with 0.9969 minor resistance intact, intraday outlook remains on the downside. Current choppy fall from 1.0445 is expected to continue towards 0.9799 support. But note again that as we’re treating fall from 1.0445 as a correction, we’d expect strong support above 0.9799 to contain downside and bring strong rebound. Core CPI m/m, Empire State Manufacturing Index can affect the rate of pair.

Aug
10

GBP/USD D1 Technical August 10

On daily chart GBP/USD’s outlook as sideways trading continues. On the upside, break of 1.5635 resistance will confirm resumption of rebound to test 1.5770 resistance zone However, break of 1.5540 support will invalidate this case and should bring another decline through 1.5392 support instead. U.S. Import prices m/m, Federal Budget Balance data that can change the rate of the pair.

Jul
13

GBP/USD D1 Technical July 13

On daily chart GBP/USD remains on the downside and have support and resistance at 1.5385 and 1.5475. The rebound from 1.5268 has likely finished at 1.5777 already. Deeper fall is expected to retest 1.5268 low first. On the upside, though, above 1.5475 minor resistance will mix up the near term outlook, closure above the resistance line will be bullish.