Browsing all articles tagged with trade balance
Jul
3

USD/CAD D1 Technical July 03

Pair is trading in a range of 1.0560-1.0450 level. Price action on 1.0560 level should be carefully watch. If USD/CAD manage to break its resistance and H4 candle closure above this level then pair will continue its trend and target 1.0600-660 level respectively.

The scenario will be change. If pair didn’t manage to break its resistance and H4 candle closure below 1.0560 level then pair will start moving towards southward.

High impact News can affect the move of USD/CAD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Trade Balance.

Jul
3

GBP/USD D1 Technical July 03

In early London session GBP/USD fall towards its support at 1.5120 level but get a strong bounce and target 1.5260 level. Bollinger bands are showing buy signals for the pair. If pair manage to break its resistance and H4 candle closure above 1.5270 level then it will allow pair to further move upward and target 1.5300-50-70 level respectively.

On the contrary, break through support level l open gates towards southward and pair will then continue its bearish trend towards 1.5000 level.

High impact News can affect the trend of GBP/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

 

Jul
3

EUR/USD D1 Technical July 03

The outlook for the pair is bearish. The key level is 1.2880 level. If today EUR/USD manage to hold this level and H4 candle closure above resistance 1.3015 level then pair will continue its uppish trend and will target 1.3070-1.3111 level respectively.

But if EUR/USD fail to hold its support 1.2880 level and H4 candle closure below this level then it will show more bearish strength and EUR will then further dropped towards southward and target will be 1.2800 level.

High impact News can change the scenario. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

Jul
3

AUD/USD D1 Technical July 03

Aussies is under pressure. Bollinger bands are not providing clear signals due to oversold of AUD/USD. In early Asian session pair get a pull back and target 0.9050 level. Price action on 0.9050 level should be carefully watch.

If AUD/ USD manage to break this level and H4 candle closure below support level then it will show bears are still dominant and pair will continue to fall towards southward.

On the other hand. If pair manage to hold its support level and H4 candle closure above 0.9107 level then pair will start moving towards northward.

High impact News can affect the movement of AUD/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI, Building Approvals m/m.

Jul
2

AUD/USD D1 Technical July 02

Aussies is under pressure.  In early Asian session pair get a pull back from 0.9250 level and target around 100 pips. The trend is still bearish for the pair. Price action on 0.9150 level should be carefully watch.

If AUD/USD manage to break through its support level and H4 candle closure below this level then it will indicate more bearish strength that will allow pair to face again 0.9100 level.  Break of 0.9100 level will further open gates towards southward.

On the other hand. If pair manage to hold its support 0.9150 level then AUD/USD will again start moving towards north and target will be 0.9260-300 level.

High impact News can affect the movement of AUD/USD. News like Retail Sales m/m, Trade Balance, RBA Gov Stevens Speaks.

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.

 

Jun
4

USD/CAD D1 Technical June 04

USD/CAD is showing mix trend. pair is trading in a range of 1.0250-1.0420 level. Break of any level will clear the trend.

Pair is expected to be in bullish mood above 1.0280 level. If pair manage to hold 1.0280 level and H4 candle closure above 1.0280 level then it will show bullishness in the pair 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 will open gate towards south and pair will target then 1.0200 level.

High impact Data’s can affect the move of USD/CAD. Data’s like Trade Balance.

Jun
4

EUR/USD D1 Technical June 04

The outlook for the EUR/USD is bullish. Above 1.3040 level pair will remain in bullish strength.  Bollinger bands are also providing buy signals for the pair.

If pair manage to hold 1.3070 level and H4 candle closure above this level the it will indicate EUR/USD got bullish strength which will take pair further upward and pair will then target 1.3126-70 level respectively.

On the contrary. If pair fails to hold 1.3040 level and H4 candle closure below this level then EUR/USD will start falling and target 1.2950 level.

High impact News can change the scenario. News like Trade Balance.

Jun
4

AUD/USD D1 Technical June 04

AUD/USD is in bullish trend. Bollinger bands are providing buy signals for the pair. Aussies is expected to move first down and test 0.9596 level and get a bounce and after that pair will target 0.9840 level.

Price action on 0.9596 level should be carefully watch. If AUD/USD manage to break this level and H4 candle closure below 0.9596 then it will indicate bearish potential and AUD will continue to fall towards southward and target 0.9525 level.

On the other hand. If AUD/USD manage to hold 0.9596 level and get a bounce then it will provide a valid buy entry with stop loss is just located below 0.9520 level.

High impact news can affect the trend of AUD/USD. News like Trade Balance, GDP q/q.

 

Jun
4

GBP/USD D1 Technical June 04

The long term trend for cable is bullish. Pair is expected to test its support 1.5260 level before moving further upward. Bollinger bands are providing buy signals for the pair.

Price action on 1.5260 level should be handle carefully. If GBP/USD manage to hold this level and H4 candle closure above this level then it will show bullish sign and cable will then continue its bullish trend towards 1.5400 level.

On the Contrary, If GBP/USD fails to hold its support level and H4 candle closure below 1.5260 level then pair will indicate lack of bullish potential and GBP/USD then dropped rapidly towards southward.

High impact News can affect the movement of GBP/USD. News like Construction PMI, Trade Balance.