Browsing all articles tagged with strength
Jul
8

AUD/USD D1 Technical July 08

AUD/USD is under pressure. Pair is trading near 0.9050 level. Pair is expected to continue its bearish trend and target 0.9030-00 level. Bollinger bands are not providing clear signals for the pair. Price action on 0.9000 level should be watch.

If AUD manage to hold this level and get a bounce then it will indicate pair has some bullish strength that will allow pair to continue its uppish movement, On the contrary, If pair fails to hold its support level and D1 candle closure below this level then it will indicate more bearish strength and pair will then continue its bearish trend.

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
27

AUD/USD D1 Technical June 27

Yesterday in late New York session Aussies manage to move up and test 0.9350 level but fails to break it and get a strong pull back  and target around 100 pips. Bollinger bands are not providing clear signals yet. But price action on 0.9350 level should be watch.

If AUD/USD manage to break this level and H4 candle closure above resistance then it will indicate more bullish strength and pair will then continue its upward movement.

On the other hand, If pair get a pull back and H4 candle closure below resistance level then pair will rapidly fall towards 0.9200 level.

High impact News can affect the trend of AUD/USD. News like Unemployment Claims, Pending Home Sales m/m.

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
25

EUR/USD D1 Technical June 25

EUR/USD will remain in bearish trend under 1.3240 level.  The trading range for the pair is 1.3007-1.3240 level. Bollinger bands are providing sell signals for the pair. Price action on 1.3200-40 level should be watch. If pair manage to up towards north and test its resistance and H4 candle closure below resistance 1.3200 then it will indicate lack of bullish strength and will provide a valid sell entry point.

On the contrary, If pair manage to give a H4 candle closure below 1.3100 level then it will fall rapidly towards its next support 1.3007 level.

High impact News can affect the trend of EUR/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

 

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
24

GBP/USD D1 Technical June 24

The outlook for the pair is now bearish below 1.5415 level. Bollinger bands are showing sell signals for the pair. But price action on 1.5415 level should be carefully watch.

If GBP/USD manage to break its resistance and H4 candle closure above 1.5415 then pair will move further towards northward. But if pair fails to break 1.5415 level and H4 candle closure below resistance level  then it will indicate more bearish strength that will take the pair towards 1.5260 level.

Jun
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

Jun
18

GBP/USD D1 Technical June 18

The longer term outlook for the cable is still bullish. Currently pair is testing its support at 1.5590 level. If GBP/USD manage to break its support then pair will rapidly fall towards 1.5500 level.

The scenario will be change, if GBP/USD manage to hold this support level and H4 candle closure above 1.5600 level then it will indicate bullish strength and GBP will then start moving towards northward.

High impact News can affect the trend of GBP/USD. News like Building Permits, Core CPI m/m.