Browsing all articles tagged with strength
Jun
18

AUD/USD D1 Technical June 18

 

Aussies is under pressure. In early Asian session pair dropped towards southward and target around 141 pips upto now. Bollinger bands are showing sell signals. But price action on 0.9423-400 level should be watch.

If AUD/USD manage to hold its support level and H4 candle closure above this level then it will provide a valid buy entry point. On the other hand, If AUD/USD fails to hold its support level and H4 or D1 candle chart closure below 0.9400 level that will indicate more bearish strength that will allow AUD to retest again its next support 0.9330-300 level.

High impact News can change the scenario. News like Building Permits, Core CPI m/m.

 

Jun
17

USD/CAD Technical June 17

Bollinger bands are showing sell signals for USD/CAD. Break of 1.0142 level is needed to confirm the bearish trend. If pair manage to break this level today and H4 candle closure below support level then USD/CAD will continue its bearish trend.

The scenario will be vanished, If pair manage to break 1.0234 level and H4 candle closure above it then it will show bullish strength that will take USD/CAD further up towards northward.

Jun
17

AUD/USD Technical June 17

AUD/USD is trading in a range of 0.9525-0.9696 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9696 level should be carefully watch. If price reached to this level and get a pull back then it will indicate bearish strength and Aussies will then start moving towards 0.9580-60-25 level respectively.

On the other hand, If AUD/USD manage to break through 0.9696 level and H4 or D1 level closure above this level then AUD/USD will further move upward and target 0.9840 level.

High impact News can change the scenario. News like Monetary Policy Meeting Minutes.

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

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
12

USD/CAD D1 Technical June 12

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.

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.

Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 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 Employment Change, Unemployment Rate.

Jun
10

GBP/USD D1 Technical June 10

The long term trend for the cable is bullish. Bollinger bands are not showing clear trend because of overbought of GBP/USD.

GBP/USD is expected to test its support at 1.5500 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure below 1.5500 level then it will indicate lack of bullish potential and cable will then dropped towards 1.5415 level.

On the contrary, if GBP/USD 1.5607 level and D1 closure above resistance level will give more strength to pair. That will take cable further upward and GBP/USD will then target 1.5692 level.

Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.

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.