Browsing all articles tagged with Retail Sales m/m
Jul
2

AUD/USD D1 Technical July 02

Aussies is under pressure.  In early Asian session pair get a pull back from 0.9250 level and target around 100 pips. The trend is still bearish for the pair. Price action on 0.9150 level should be carefully watch.

If AUD/USD manage to break through its support level and H4 candle closure below this level then it will indicate more bearish strength that will allow pair to face again 0.9100 level.  Break of 0.9100 level will further open gates towards southward.

On the other hand. If pair manage to hold its support 0.9150 level then AUD/USD will again start moving towards north and target will be 0.9260-300 level.

High impact News can affect the movement of AUD/USD. News like Retail Sales m/m, Trade Balance, RBA Gov Stevens Speaks.

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.

 

Jun
13

GBP/USD D1 Technical June 13

The long term outlook for the Cable remain bullish. Currently GBP/USD is testing its physical level 1.5700. Pair is expected to continue its bullish structure. Bollinger bands are tighten due to overbought of GBP.

Price action on 1.5700 level should be carefully handle. If GBP/USD manage to break through 1.5700 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry targeting towards 1.5605 level.

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

 

Jun
13

EUR/USD D1 Technical June 13

Yesterday EUR/USD manage to break its resistance 1.3306 level. Today’s resistance is at 1.3407 level. Price action on this level should be carefully watch. Pair can get a pull back from 1.3407 level.

If EUR/USD manage to overcome its resistance and H4 candle closure above  1.3407 level then it will indicate pair got more bullish strength that will take pair further upward.

On the other hand, If pair didn’t manage to break through its resistance and H4 candle chart closure below 1.3407 level then EUR/USD will start falling towards southward and target 1.3310 level.

High impact News can affect the Trend of EUR/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
13

AUD/USD D1 Technical June 13

AUD/USD got bullish trend above 0.9380 level. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9580 level.

Price action on 0.9580 level should be carefully watch. If AUD/USD manage to break through this level today and H4 candle closure above 0.9580 level then it will indicate more  bullish strength and Aussies will then target 0.9650-95 level respectively. Daily closure above 0.9696 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

May
13

USD/CAD D1 Technical 13

USD/CAD manage to hold its key level 1.0000 and start moving upward and target 1.0150 level. Pair is expected to continue its uppish trend and test its next resistance at 1.0180 level.

Bollinger bands are not showing clear signals. But price action on 1.0080 which is support level should be carefully watch. If pair hold this level then pair will continue its bullish trend.

If pair fails to hold 1.0080 level and H4 candle closure below support level then it will provide a valid sell entry point with target 1.0000 level.

High impact Data of USD can affect the pair. Data like Core Retail Sales m/m, Retail Sales m/m.

May
13

GBP/USD D1 Technical 13

After breaking 1.5400 level GBP/USD has confirmed bearish trend. Now pair is expected to first move down and face its support at 1.5270 level. Bollinger bands are providing sell signals for Cable.

Price action on 1.5270 level should be watch. If pair manage to break this level and closure H4 candle below 1.5270 then pair will get more bearish strength and continue its southward trend.

On the other hand, If GBP/USD manage to hold 1.5270 level and give a day closure above 1.5270 level then pair will get bullish strength and start a new bullish trend which will take pair higher.

High impact news can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m.

May
13

EUR/USD D1 Technical 13

The outlook for the EUR/USD is bearish for today. Pair will face its support at 1.2928 level. Bollinger bands are showing sell signals for EUR/USD. If pair manage to break through its support level and H4 candle close below 1.2928 level then it will show bearish potential and EUR will then dropped further towards south and target 1.2880 level.

The scenario will be vanished, If EUR/USD manage to overcome its resistance 1.3045 level and H4 closure above 1.3045 will take pair further high towards northward.

High impact News can affect the Trend of pair. News like Core Retail Sales m/m, Retail Sales m/m, Eurogroup Meetings.

 

May
13

AUD/USD D1 Technical 13

AUD/USD is under pressure. Today’s support is at 0.9950 level. Bollinger bands are not providing clear signals due to oversold of Aussies. Price action on 0.9950 level should be carefully watch.

If AUD/USD manage to hold its support level and H4 candle close above 1.0000 level then it will indicate some bullish strength and pair will start to move upward. On the contrary, Break of 0.9950 level will allow pair to rapidly fall towards south and target 0.9900 level.

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

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.