Browsing all articles tagged with services PMI
Jun
5

USD/CAD D1 Technical June 05

USD/CAD is showing mix trend. Pair is trading in a range of 1.0250-1.0390 level. Break of any level will clear the trend.

Pair is expected to remain bullish above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullish strength and USD/CAD will then target 1.0350-90 level respectively.

The scenario will be vanished. If USD/CAD didn’t  manage to hold 1.0280 level and H4 or D1 candle closure below support level. Then it will open gate towards south and pair will target then 1.0200 level.

High impact News can affect the pair. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI, Building Permits m/m.

 

Jun
5

GBP/USD D1 Technical June 05

The long term outlook for the cable is bullish. Bollinger bands are showing buy signals for the pair. GBP/USD is expected to test its resistance at 1.5410 level.

Price action on 1.5260 level should be watch carefully. If GBP/USD manage to hold this support level and H4 candle closure above 1.5260 then pair will remain n bullish potential and the target will be 1.5400 level.

But the scenario will be vanished. If cable fails to hold its support level and H4 candle closure below 1.5260 level the it will open gates southward and GBP/USD will then rapidly fall towards 1.5200 level.

High impact News can affect the trend of GBP/USD. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

Apr
4

GBP/USD D1 Technical April 04

Cable is currently testing its support at 1.5070 level. Price action on this level should be watch. If GBP/USD manage to break its support and H4 candle close below this level, then Cable will further dropped towards south and target 1.5000 level.

The scenario can be change, If GBP/USD manage to hold its support level and H4 candle close above 1.5070, then pair will start moving northward.

High impact News can affect the move of GBP/USD. News like Services PMI, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Unemployment Claims, Fed Chairman Bernanke Speaks.

Feb
5

GBP/USD D1 Technical February 05


Yesterday GBP test its resistance but fail to breakthrough 1.5770 level. If GB{P/USD hold its support 1.5650 level, then we are expecting that pair will move towards north and target 1.5815-20 level. On the contrary, break of support 1.5650 level will provide more strength to GBP/USD and pair will target 1.5600 level.

High impact News can change the scenario. News like Non-Manufacturing PMI and Services PMI.

Dec
5

GBP/USD D1 Technical December 05

Pair has resistance at 1.6130 level. If pair manages to Breakthrough 1.6130 level, it will allow pair to target 1.6160-70 strong resistance area.

High impact News can change the scenario. News like Autumn Forecast Statement, Services PMI, ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI.

Nov
5

GBP/USD D1 Technical November 5

As for our prediction after breaking support of 1.6065, cabal target 1.6000 level. D1 chart and H4 chart are showing reversal trend for GBP/USD. So, 1.6000 level should be watch carefully. Price will gain a strong bullish move if it manages to hold this level.
High impact News can affect the movement of pair. News like Services PMI and ISM Non-Manufacturing PMI.

Oct
3

GBP/USD D1 Technical October 3

The negative data of services PMI and some strengthen is US dollar force the cable to breaks its support level of 1.6110 and move to test its next support at 1.6065, on long term we are expecting the GBP/USD targeting its strong support 1.5990. Bollinger bands are also providing selling signals.