Browsing all articles tagged with resistsnce
May
21

USD/CAD D1 Technical May 21

The outlook for USD/CAD is bullish for today. Bollinger bands are providing buy signals for the pair. Pair is likely to move upward and face its resistance at 1.0308 level. If pair manage to break this level then it will rapidly move upward and target 1.0340 level which is acting as a strong resistance.

Price action on 1.0340 level should be handle carefully. If pair manage to overcome this level and H4 candle closure above this level then USD/CAD will continue its bullish trend.

Mar
8

GBP/USD D1 Technical March 08

The trend for the GBP/USD is not clear yet. Bollinger bands are also tighten due to oversold of GBP. The range of pair is now from 1.4950-1.5075. Today pair is expecting to test its resistance 1.5070. Price action on this level should be watch carefully. If pair manage to break this level and H4 candle close above it then pair is likely to move further upward.

On the contrary, Break of support level 1.4950 will open gate towards southward and GBP/USD will then target 1.4900 level.

High impact News can affect the movement of pair. News like Non-Farm Employment Change, Unemployment Rate.