Browsing all articles tagged with south
Jun
3

EUR/USD D1 Technical June 03

EUR/USD is in bullish mood. Pair get a bounce from its support 1.2950 level. Bollinger bands are providing buy signals for the pair. If pair reached to 1.3140 level then price action on this level should be carefully watch. If EUR/USD manage to break through 1.3140 level then pair will further move upward and target 1.3200 level.

On the other hand. daily closure below 1.3070 level will again open gate towards south ward and pair will again test 1.3006 level.

 

May
28

AUD/USD D1 Technical May 28

In early session AUD/USD manage to move up and face 0.9700 level but get a pull back. Now pair is expected to fall towards south and test its support around 0.9580 level. Bollinger bands are not providing clear signals yet sue to oversold of Aussies.

Price action on 0.9580 level should be carefully watch. If AUSD/USD break this level and give a day closure below support level then pair will continue to dropped towards south.

on the other hand day closure above 0.9707 will provide some bullish strength and pair will start to move upward and target 0.9755 level.

May
27

USD/CAD D1 Technical May 27

The resistance become support now 1.0280 level. Price action on this level should be handle carefully. If USD/CAD hold this level and H4 candle closure above 1.0280 level then pair is expected to continue its northward trend.

But if USD/CAD fails to hold 1.0280 level and H4 candle closure below support then pair will fall towards south and target 1.0200 level.

May
9

USD/CAD D1 Technical May 09

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.

If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.

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

May
8

USD/CAD D1 Technical May 08

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.

If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.

May
2

EUR/USD D1 Technical May 02

EUR/USD remain bullish above 1.3135 level. Yesterday pair break its resistance 1.3200 but didn’t manage to closure above this level.  So, pair is likely to face its support level today.

If EUR/USD manage to hold its support level 1.3135 and H4 closure above this level then pair will continue its bullish trend and target 1.3240 level.

On the other hand. Break through support level will allow EUR/USD to fall rapidly towards south and target  1.3070-50 level respectively.

High impact News  can affect the movement of EUR/USD. News like Minimum Bid Rate, ECB Press Conference, Trade Balance, Unemployment Claims.

 

May
1

EUR/USD D1 Technical May 01

 

Yesterday in last session EUR/USD manage to break its resistance 1.3130 level and target 56 pips. Now the resistance is at 1.3200 level. Price action on this level should be watch.  If pair manage to break this level and H4 candle close above 1.3200 then it will indicate more bullish strength and EUR/USD will then continue its uppish trend.

On the contrary, If pair reached at 1.3130 level and closure H4 below support level then EUR/USD will fall rapidly towards south and target 1.3050-300 level respectively.

High impact News can affect the trend of pair. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

High impact News can change the scenario. News like CB Consumer Confidence.

Apr
29

GBP/USD D1 Technical April 29

The long term outlook for cable remain bullish. As the rate is on top of bollinger showing oversold for GBP/USD so there will so some correction. If GBP/USD test its resistance at 1.5550 level and fails to give a H4 closure above 1.5550 level then pair is likely to dropped towards south and target 1.5420 level.

On the other hand, If cable manage to break its resistance and H4 candle closure above 1.5550 level then GBP/USD will continue to move upward.

High impact News can affect the trend of pair. News like Pending Home Sales m/m.

Apr
29

AUD/USD D1 Technical April 29

AUD/USD didn’t manage to give a day closure above 1.0290 level. So, pair is expected to move down and test its support around 1.0224 level. Bollinger bands are not showing clear signals for the pair yet. Price action on 1.0334 level should be carefully watch.

If Aussies manage to break though 1.0334 level and H4 closure above 1.0334 then it will indicate bullish strength for the pair and AUD/USD will then continue its uppish trend and likely to face its next resistance at 1.0390 level. On the contrary, If pair fails to break its resistance and H4 candle closure below 1.0334 level then AUD/USD will fall towards south and target  its support at 1.0224 level.

High impact News can affect the movement of AUD/USD. News like Pending Home Sales m/m.