Browsing all articles tagged with resistance
Jul
3

AUD/USD D1 Technical July 03

Aussies is under pressure. Bollinger bands are not providing clear signals due to oversold of AUD/USD. In early Asian session pair get a pull back and target 0.9050 level. Price action on 0.9050 level should be carefully watch.

If AUD/ USD manage to break this level and H4 candle closure below support level then it will show bears are still dominant and pair will continue to fall towards southward.

On the other hand. If pair manage to hold its support level and H4 candle closure above 0.9107 level then pair will start moving towards northward.

High impact News can affect the movement of AUD/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Building Approvals m/m.

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

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.

Jul
2

EUR/USD D1 Technical July 02

EUR/USD will remain in bearish trend under 1.3106 level. Bollinger bands are showing sell signals for the pair.  If pair manage to break through its resistance 1.3106 level and h4 candle chart closure above resistance then pair will show bullish potential  and EUR/USD will then continue its uppish trend towards 1.3150-70 level respectively.

But if pair fails to break its resistance and H4 candle closure below 1.3100 then it will provide a valid sell entry point with stop loss just located above 1.3006 and take profit at 1.3010 level.

 

Jun
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
25

AUD/USD D1 Technical June 25

Bollinger bands are not showing clear signals yet due to oversold of AUD/USD. The outlook remain bearish as pair is under pressure. There can be retracement towards 0.9318 level.

Price action on 0.9318 level should be carefully watch. If Aussies manage to reached that level and H4 candle closure below 0.9318 then it will indicate bearish strength and pair will then again start moving towards south and target will be 0.9180 -120  level respectively.

This scenario will be vanished. If pair fails to hold its support level 0.9180 and H4 candle closure below support level then pair will rapidly fall towards 0.9120-100 level respectively.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
24

GBP/USD D1 Technical June 24

The outlook for the pair is now bearish below 1.5415 level. Bollinger bands are showing sell signals for the pair. But price action on 1.5415 level should be carefully watch.

If GBP/USD manage to break its resistance and H4 candle closure above 1.5415 then pair will move further towards northward. But if pair fails to break 1.5415 level and H4 candle closure below resistance level  then it will indicate more bearish strength that will take the pair towards 1.5260 level.

Jun
18

USD/CAD D1 Technical June 18

USD/CAD is in bullish mood today. Pair manage to hold its support 1.0145 level and start moving towards northward. Now pair is expected to test its resistance at 1.0250 level. Bollinger bands are not showing clear signals yet. If pair break 1.0250 level then it will allow pair to face 1.0290 level which is acting as a strong resistance.

Price action on 1.0250 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below resistance then pair will start bearish trend.

High impact Data’s of USD can affect the pair. News like Building Permits, Core CPI m/m.

 

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.

 

Jun
13

USD/CAD D1 Technical June 13

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. Bollinger bands are showing buy signals for the pair.

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.

High impact Data’s of USD can change the scenario. Data’s like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.