Browsing all articles tagged with test
Jun
10

USD/CAD D1 Technical June 10

USD/CAD is under pressure now. Pair has tested 1.0160 level but get a bounce. Bollinger bands are not providing clear signals yet. Price action on 1.0160 level should be carefully watch.

If pair manage to break support level and H4 candle closure below 1.0160 level then USD/CAD will continue its bearish trend.

The scenario will be vanished. If USD/CAD manage to break through its resistance 1.0234 level and D1 closure above this level will allow pair to move upward and target 1.0290 level.

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.

May
31

USD/CAD D1 Technical May 31

USD/CAD manage to hold physical level 1.0300 and get a bounce. Now pair is expected to continue its bullish trend and test its resistance at 1.0390 level. If par manage to break 1.0390 level it will then target 1.0420-45 level.

Price action on 1.0445 level should be carefully watch. If USD/CAD get a pull back from this area and D1 closure below 1.0390 level then it will indicate strong bearish strength which will open gate towards south and pair will then target 1.0300-250-200 level respectively.

May
13

USD/CAD D1 Technical 13

USD/CAD manage to hold its key level 1.0000 and start moving upward and target 1.0150 level. Pair is expected to continue its uppish trend and test its next resistance at 1.0180 level.

Bollinger bands are not showing clear signals. But price action on 1.0080 which is support level should be carefully watch. If pair hold this level then pair will continue its bullish trend.

If pair fails to hold 1.0080 level and H4 candle closure below support level then it will provide a valid sell entry point with target 1.0000 level.

High impact Data of USD can affect the pair. Data like Core Retail Sales m/m, Retail Sales m/m.

May
7

GBP/USD D1 Technical May 07

The outlook remain bullish for the cable. The resistance is at 1.5611 and support around 1.5480 level. Today GBP/USD will test its support level.

If GBP/USD manage to break through 1.5480 level and give a day closure below this level then it will conform bearish reversal and pair will then rapidly  towards 1.5400 level.

The scenario will be vanished. If GBP/USD manage to break its physical level 1.5600 and closure D1 above 1.5611 level then it will indicate bulls are ready to take GBP/USD further towards north.

 

May
2

AUD/USD D1 Technical May 02

Aussies is under pressure.  Pair is expected to move down and test its support at 1.0197 level. Bollinger bands are not providing clear signals for the pair yet. Price action on 1.0197 level should be watch.

If AUD/USD manage to hold its support level and H4 candle close above 1.0225 level then it will indicate bullish strength for the pair and AUD/USD will then start moving towards north and target 1.0290 level.

On the contrary, If AUD/USD fails to hold its support  level and Day closure below 1.0197 then it will open gate towards southward and pair is likely to target 1.0145 level.

High impact News can change the scenario. News like Trade Balance, Unemployment Claims, PPI q/q.

May
1

GBP/USD D1 Technical May 01

The longer term outlook for the cable remain bullish. Now the resistance is around 1.5585 level. We are expecting GBP/USD to move down and test its support level 1.5465. Price action should be watch on this level.

If GBP break through its support level and H4 candle closure below 1.5465 then it will allow pair to dropped further towards 1.5420 level.

The scenario will be vanished, if GBP/USD break its resistance 1.5585 level and H4 candle close above this then pair will continue its bullish trend.

High impact News can change the scenario. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

May
1

AUD/USD D1 Technical May 01

AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing buy signals for the pair. Pair is expected to first test its support at 1.0290 level. Price action on this level should be carefully watch.

If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north.

On the other hand, If AUD/USD fails to hold its support level and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.

High impact News can affect the movement of AUD/USD. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Apr
25

EUR/USD D1 Technical April 25

EUR/USD will remain bullish above 1.3000 level. Pair is expected to test its resistance at 1.3080 level. Price action on 1.3080 should be watch carefully. Pair can get a pull back from this zone if H4 candle fails to close above 1.3080 level and if EUR/USD manage to break 1.3080 level and H4 candle closure above 1.3080 level, it will then take EUR up towards 1.3140-1.3170 level respectively.

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

 

 

Apr
24

EUR/USD D1 Technical April 24

The outlook for EUR/USD is bearish for today. Bollinger bands are also providing sell signals for the pair. Today EUR/USD will test its support at 1.2950 level. If EUR/USD manage to break this level and H4 candle closure below 1.2950 level then it will show more bearish potential and EUR/USD will then fall towards south and target 1.2900 level.

On the other hand. If pair manage to overcome its physical level and H4 candle closure above 1.3000 level then EUR/USD will start moving upward and target 1.3070 level. Break of 1.3070 level will further allow pair to move northward and target 1.3140 level respectively.

High impact News of EUR can affect the move of pair. News like German Ifo Business Climate.