Browsing all articles tagged with reistance
Jun
11

GBP/USD D1 Technical June 11

The long term trend for Cable is bullish. Currently GBP/USD is moving sideways. Pair is expected to hold 1.5500 level and move upward and face its resistance at 1.5692 level. Bollinger bands are not providing clear signals yet.

Price action on 1.5500 level should be carefully watch. If pair fails to hold this level and H4 candle closure below 1.5500 level then GBP/USD will start falling towards south and target 1.5415 level.

 

Jun
11

EUR/USD D1 Technical June 11

Pair is trading in a range of 1.3170-1.3306 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through 1.3306 level and H4 candle closure above this level then it will open gates towards north and EUR/USD will move upward and target 1.3400 level.

On the contrary, If pair fails to break 1.3306 level and H4 candle closure close below 1.3300 level it will then indicate pair got bearish and provide a valid sell entry and target will be 1.3175 level.

 

Apr
18

USD/CAD D1 Technical April 18

USD/CAD have daily resistance at 1.0290 level. Pair is expected to move down and test its support again at 1.0211 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0211 then pair will continue its uppish trend. But if  USD/CAD fails to give a H4 closure above 1.0211 level, then it will allow pair to further dropped towards south.

High impact News of USD can affect the pair. News like Unemployment Claims, Philly Fed Manufacturing Index.

Apr
18

GBP/USD D1 Technical April 18

Yesterday GBP/USD didn’t manage to break its close above its resistance 1.5360 level and fall towards south. Now we are expecting pair to first move up and test its resistance at 1.5340 level. Price action on this level should be handle carefully.

If Cable manage to break this level and H4 candle close above 1.5360 then GBP/USD will target 1.5430 level. On the other hand, if pair didn’t manage to break 1.5340 level and closure H4 below resistance then pair will start falling towards 1.5215 level.

High impact News can affect the trend of pair. News like Unemployment Claims, Philly Fed Manufacturing Index, Retail Sales m/m.

Apr
17

USD/CAD D1 Technical April 17

 

USD/CAD manage to hold its physical level 1.0200. Now pair is expected to move up and test its resistance at 1.0290 level. Price action on this level should be carefully watch. If pair manage to break through  its resistance then it will allow USD/CAD to further move upward. But if price close below 1.0290 level, it will be indication of bearish strength and provide a valid sell entry.

High impact News of CAD can affect the move of pair. News like BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, BOC Press Conference.

Apr
11

AUD/USD D1 Technical April 11

Yesterday Aussies break its resistance and move up to 50 pips. The outlook for the pair is bullish. Pair will face its resistance at 1.0550 level. Price action on this level should be carefully watch. If AUD/USD manage to break its resistance and H4 candle close above 1.0550 level, it will indicate more bullish strength and pair will further move up and target 1.0600 level.

On the contrary, If AUD didn’t manage to break its resistance and H4 candle close below support level 1.0493 level then pair will start moving southward.

High impact News can affect the move of AUD/USD. News like Unemployment Claims.

Mar
13

GBP/USD H4 Technical March 13

GBP/USD is currently testing is resistance 1.4950 level. Price action on this level should be carefully watch. There can be two scenario. If Cable manage to break 1.4950 level and H4 candle close above 1.4950 level then it will indicate pair got bullish strength and GBP/USD will then further move upward and target 1.5000-5130 level respectively.

On the contrary, If H4 candle fails to close above 1.4950 level then pair is likely to have bearish strength. GBP/USD will then continue its downward trend and target its support 1.4825 level.

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

Mar
5

AUD/USD D1 Technical March 05

Bollinger bands are showing buy signals for Aussies. Pair is now in bullish potential and is likely to test its resistance at 1.0290 level. If pair manage to break this level and give a day closing above then it will continue its uppish trend

On the contrary, daily closure below resistance will indicate bearish strength for the pair and pair will then again start moving towards southward.

High impact News can affect the Trend of Aussies. News like ISM Non-Manufacturing PMI and GDP q/q.