Browsing all articles tagged with trading
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
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
2

USD/CAD D1 Technical July 02

USD/CAD is trading in a range of  1.0420-1.0560 level.  Bollinger band  are not providing clear signals due to oversold of pair. Price action on 1.0560 level should be carefully watch. Break through resistance will allow USD/CAD to continue its bullish trend.

On the contrary. If USD/CAD didn’t manage to break its resistance and get a pullback hen pair will dropped towards southward and target will be 1.0420 level.

Jun
27

USD/CAD D1 Technical June 27

USD/CAD get a pull back from 1.0555 level and now trading at 1.0439 level. Support is now at 1.0390 level. There can be two scenario.

First if USD/CAD manage to break through its support and H4 candle closure below support then it will allow pair to further move towards southward. Secondly, If pair manage to hold its support level then pair will continue its uppish trend and target 1.0555-600 level.

High impact Data’s of USD can affect the movement of USD/CAD. Data’s like Unemployment Claims, Pending Home Sales m/m.

May
8

EUR/USD D1 Technical May 08

EUR/USD is trading in a range of 1.3145 to 1.3050 level. Bollinger bands are showing neutral signals. But EUR/USD is expected to remain bearish under 1.3145 level.

There can be two scenario. First, To buy EUR/USD if pair break 1.3145 level and H4 candle close above this level. Secondly, on the break of 1.3050 level we can sell EUR and take profit at 1.3000 level.

 

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
30

USD/CAD D1 Technical April 30

USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement.  If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.

The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.

High impact News of USD can change the scenario. News like CB Consumer Confidence.

Apr
23

USD/CAD D1 Technical April 23

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario.

First, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.

On the other hand, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.

High impact News of USD can affect the trend of USD/CAD. News like New Home Sales, Core Retail Sales m/m, BOC Gov Carney Speaks.

Apr
17

Precious Metal Added Because Buyers Chase Gold

Gold shrugged off weakening US gold futures to jump as much as 1 percent on Wednesday as buyers snapped up precious metal, coins and nuggets following prices touched their lowest in more than two years the session before.

Brian Lan, managing director of GoldSilver Central Pte Ltd in Singapore said people are essentially buying everything, gold bars and gold coins. People are hurrying to get a hand on it, we have a problem meeting the demand as we are unable to get new supply.

Yellow metal strike a session high of $1,381.80 per ounce and was standing at $1,370.84 by 0611 GMT, up $3.05. Gold fall to $1,321.35 on Tuesday, has dropped almost 18 percent so far this year following an unbroken 12-year string of gains.

However gold is not out of the woods yet because investors continued to shift holdings from exchange traded funds, even as the growth in physical buying led to a shortage of precious metal in Hong Kong and Singapore.

There’s a vast backlog, it’s the same for silver. So far sentiment seems to be improving even the price has more or less stabilized.

PDR Gold Trust, the world’s biggest gold backed ETF stated its holdings knock down 0.73 percent to 1,145.92 tonnes on Tuesday from 1,154.34 tonnes on Monday. Holdings of global gold ETFs are currently at their weakest since late 2011.

The purchases pushed up premiums for precious metal in Singapore to their highest in 18 months at $1.70 per ounce to spot London prices, however demand from top consumer India was surprisingly low despite the wedding season.

Gold future for June delivery gave up $14.80 or 1%, to trade at $1,372 per ounce during Asian trading hours.

On Tuesday, gold climbed $26.30 or 1.9%, on the Comex division of the New York Mercantile Exchange. The advance followed two consecutive sessions of turn down which stripped prices of more than $200 per ounce.

Apr
9

USD/CHF D1 Technical April 09

USD/CHF is trading in a small range of 0.9380-313 level. Break of any level will clear the trend. Bollinger bands are also not providing clear signals for the pair.

If pair manage to breakthrough 0.9313 level and H4 candle close below this level, then pair will further dropped towards 0.2980-2940 level respectively. On the other hand, If USD/CHF manage to hold its support level and H4 candle close above 0.9380 level, it will then take pair further upward and target 0.9430-0.9520 level respectively.