Browsing all articles tagged with southward
Jul
4

EUR/USD D1 Technical July 14

The outlook for the EUR/USD is bullish. Yesterday pair manage to hold its support level 1.2930 level and start moving upward. Bollinger bands are showing buy signals for the pair. If pair manage to break through its resistance and H4 candle chart closure above 1.3030 level then EUR will continue its uppish trend towards 1.3070-1.3010 level respectively.

The scenario will be vanished, If pair didn’t manage to hold its key support 1.2880 level and H4 candle closure below this level will indicate bearish strength that will open gates towards southward and pair will then drop towards 1.2830-800 level.

High impact News can change the scenario. News like Minimum Bid Rate, ECB Press Conference.

 

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Jun
26

GBP/USD D1 Technical June 26

The key level is now 1.5400. Pair is expected to break this level and dropped further towards southward and target 1.5330-280 level. Price action on 1.5400 level should be watch. If cable manage to break this level then it will open gate towards  south and pair will then target 1.5330-270 level respectively.

But if GBP/USD manage to hold this level 1.5400 then it will take pair higher towards 1.5500-12 level. Break through 1.5512 level will take pair further upward and target 1.5550-5600 level respectively.

High impact News can change the scenario. News like BOE Gov King Speaks.

Jun
26

EUR/USD D1 Technical June 26

EUR/USD is in bearish mood. The target for the pair is to face its support around 1.3006 level. Bollinger bands are also providing sell signals for the pair. Price action on 1.3006 level should be carefully handle.

EUR/USD can get a pull back from this zone D1 and H4 candle chart are showing group of buyers in this zone.  So if pair get a bounce from 1.3006 level and H4 candle closure above support, it will then provide a valid buy entry point and take profit at 1.3200 level.

On the other hand, If pair manage to break through its support level 1.3006 and H4 or D1 candle close below this level then it will show pair got more bearish strength that will allow pair to continue its movement towards southward.

 

Jun
24

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.

Jun
17

EUR/USD Technical June 17

Price is at top of Bollinger so there is no clear signals yet. Today’s resistance is around 1.3407 level. There can be two scenario.

First, if EUR/USD manage to break its resistance 1.3407 level and H4 candle closure above this level then it will allow EUR/USD to continue its bullish trend. Secondly, if EUR/USD fails to hold its support level 1.3314 level and H4 candle closure below support level then pair will rapidly fall towards southward.

 

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.

 

Jun
11

AUD/USD D1 Technical June 11

AUD/USD is under pressure pair didn’t manage to hold its support 0.9380 level and rapidly fall towards 0.9330 level. Bollinger bands are much tighten due to oversold of AUD. Pair is expected to remain in bearish trend and target 0.9250 level.

But price action on 0.9380 level should be carefully watch. If AUD/USD manage to give a day closure above this level then Aussies will start a new bullish trend which will take pair first towards 0.9840 level.

On the other hand. If AUD/USD fails to close above 0.9250 level then pair will further dropped towards southward and target 0.9200 level.

 

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

AUD/USD D1 Technical June 05

Yesterday AUD/USD manage to break its support level 0.9696 level and dropped. Aussies will now face its next support around 0.9580 level.  Bollinger bands are not providing clear signals for the pair.

Price action on 0.9580 level should be carefully handle. There can be two scenario. First, if AUD/USD manage to break its support 0.9580 level and H4 candle closure below support level. Then it will indicate more bearish strength which will take pair further southward and Aussies will then target 0.9525-500 level respectively.

Secondly, if pair manage to hold support level and H4 candle closure above 0.9580 level then it will provide bullish strength and pair will then start moving towards north and target 0.9696 level.

If AUD/USD manage to give a day closure above 0.9696 level today then it will provide a valid buy entry point.

High impact News can affect the movement of pair. News like ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, Trade Balance.