Browsing all articles tagged with taregt
Apr
16

GBP/USD D1 Technical April 16

Cable got resist from 1.5411 level on last Friday. The outlook is bullish above 1.5260 level. GBP/USD is expected to move up and  test its resistance at 1.5360 level. Price action on this level should be carefully handle. If cable breakthrough this level then its next target will be 1.5430 level.

The scenario will be vanished, if pair didn’t hold its support and H4 candle closure below 1.5260 it will then open gate towards south.

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

Apr
11

EUR/USD D1 Technical April 11

Yesterday EUR/USD got a pull back from its resistance zone 1.3130 level. Today Bollinger bands are showing buy signals for the pair but as long resistance is not broken there are chances for further decline. So price action on 1.3130 level should be handle carefully. If EUR/USD manage to break this level then pair will further move up and target 1.3170 level.

On the other hand, If pair didn’t manage to overcome its resistance level then, it will indicate bearish strength for EUR/USD and pair will rapidly dropped southward.

High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

 

Apr
9

EUR/USD D1 Technical April 09

EUR/USD is testing its resistance at 1.3070 level. If pair manage to break this level and H4 candle close above 1.3070 then it will provide more bullish potential to pair and EUR/USD will further move upward and target 1.3140-70 level respectively.

The scenario can be change, if EUR/USD fails to break 1.3070 level and H4 candle close below resistance then EUR will start moving towards southward.

Mar
21

GBP/USD D1 Technical March 21

Yesterday Cable mange to break its support 1.5068 level and dropped upto 48 pips rapidly. Then pair got support from 1.5022 level and start moving upward in New York session and target its resistance at 1.5170 level. Today resistance is at 1.5195 level and support is at 1.5022 level. We are expecting pair to move first upward and test its resistance and then dropped towards south. So price action on 1.5195 should be carefully handle.

If GBP/USD manage to break this level and H4 candle close above 1.5195 level then it will indicate bullish strength and pair will then move further upward and target 1.5230-50 level and Gap will also be covered then.

But this scenario can be vanished, if pair fails to break its resistance and H4 candle close below 1.5195 level. GBP/USD will then rapidly fall towards its support level.

High impact News can affect the movement of GBP/USD. News like Retail Sales m/m, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
21

EUR/USD D1 Technical March 21

 

Under 1.3000 level EUR/USD remain under pressure. We are expecting pair to move south and target its strong support at 1.2799 level. But price action on 1.3000 level should be carefully watch. A trendine is also held there. So if price reached to 1.3000 level and H4 candle close below 1.3000 level that it will provide pair bearish strength and pair will then move towards south. On the contrary, breakthrough of trend line will take EUR further upward and target 1.3070 level.

High impact Data’s can change the scenario of EUR/USD. Data’s like French Flash Manufacturing PMI, German Flash Manufacturing PMI,  Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
19

GBP/USD H4 Technical March 19

Cable is currently testing its resistance at 1.5140 level. Price action on this level should be carefully watch. If GBP/USD manage to break through this level, it will then allow pair to further move towards north and target 1.5170-95 respectively.

The scenario can be change, If GBP/USD break its support of 1.5068 level. Break of this level will open gate towards south and pair will rapidly fall towards 1.5000 level.

Mar
13

GBP/USD H4 Technical March 13

GBP/USD is currently testing is resistance 1.4950 level. Price action on this level should be carefully watch. There can be two scenario. If Cable manage to break 1.4950 level and H4 candle close above 1.4950 level then it will indicate pair got bullish strength and GBP/USD will then further move upward and target 1.5000-5130 level respectively.

On the contrary, If H4 candle fails to close above 1.4950 level then pair is likely to have bearish strength. GBP/USD will then continue its downward trend and target its support 1.4825 level.

High impact News of USD can affect the movement of Cable. News like Core Retail Sales m/m, Retail Sales m/m.

Mar
11

USD/CHF D1 Technical March 11

On last Friday USD/CHF break its resistance 0.9515 level and target 0.9550 level which is today’s resistance. As rate is at last Bollinger so pair is expecting for a correction.

Pair will test its support at 0.9465 level today. If pair manage to break its support and H4 candle close below it then USD/CHF will target 0.9430-400 level respectively.

Mar
8

GBP/USD D1 Technical March 08

The trend for the GBP/USD is not clear yet. Bollinger bands are also tighten due to oversold of GBP. The range of pair is now from 1.4950-1.5075. Today pair is expecting to test its resistance 1.5070. Price action on this level should be watch carefully. If pair manage to break this level and H4 candle close above it then pair is likely to move further upward.

On the contrary, Break of support level 1.4950 will open gate towards southward and GBP/USD will then target 1.4900 level.

High impact News can affect the movement of pair. News like Non-Farm Employment Change, Unemployment Rate.

 

Mar
8

USD/CHF D1 Technical March 08

As USD/CHF was expected for the correction yesterday. Pair target around 85 pips. But 0.9400 level is still there, above this level pair is likely to have bullish strength. Now the key resistance is around 0.9515 level. If pair manage to break its resistance and H4 candle close above it then we are expecting USD/CHF to continue its northward trend.

High impact Data’s can affect the trend of pair. Data’s like Non-Farm Employment Change, Unemployment Rate.