Browsing all articles tagged with trapped
Jul
5

USD/CAD D1 Technical July 05

USD/ CAD is trapped in a range of 1.0555 to 1.0450 level. Bollinger bands are not providing clear signals due to oversold of pair. Break of any level will confirm trend.

Price action on 1.0555 level should be watch. If pair manage to reached that level and H4 candle closure above 1.0555 then USD/CAD will continue its uppish trend.

But if pair fails to break its resistance level and H4 candle closer below 1.0555 level then it will show bears are incharge that will take pair towards 1.0450 level.

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

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

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

Dec
6

GBP/USD D1 Technical December 06

Rate is trapped in a range of 1.6065 to 1.6130 levels. Bollinger bands are not providing clear signals, but as long pair hold its resistance we will see some southward movements. Break through these levels will clear the scenario.

High Impact data’s can affect the pair. Data’s like Asset Purchase Facility, MPC Rate Statement, Official Bank Rate and Unemployment Claims.

Dec
4

USD/CAD D1 Technical December 04

Pair is still trapped in a range of 0.9965-0.9900. Break of any level will clear the trend.

High impact Data’s of CAD can give some moves to USD/CAD. Data’s like BOC Rate Statement and Overnight Rate.

Dec
3

GBP/USD D1 Technical December 03

Cable is trapped in a small range of 1.5980 support level and 1.6065-70 resistance level. We are seeing some bullishness in the pair. If GBP/USD manages to break its resistance today, it will then allow the pair to go further upside and target 1.6000-20 respectively.
High impact News can change the scenario. News like Manufacturing PMI and ISM Manufacturing PMI.

Nov
30

USD/CAD D1 Technical November 30

Pair is still trapped in small range of 0.9900-0.9965 levels. Breakthrough any level will clear the trend.

High Impact News of CAD can give some moves to USD/CAD. News like GDP m/m.

Nov
29

AUD/USD D1 Technical November 29

AUD/USD trapped in a range of 1.0425-1.0500 levels. We are seeing some bullish strength in pair. If Aussies manages to hold its support today, it should then break 1.0500 level.

High impact News can affect the trend of AUD/USD. News like Prelim GDP q/q, Unemployment Claims and Pending Home Sales m/m.

Nov
28

USD/CAD D1 Technical November 28

USD/CAD is showing mix trend, however rate is trapped in small range of 0.9965-0.9900 level. Break of these levels will clear the trend of USD/CAD.

High impact News of New Home Sales can affect the pair.

Nov
16

GBP/USD D1 Technical November 16

For the last 4 days Cable is trapped in a short range of 1.5820-1.5914 key levels. Trend is not clear yet. Break of these level will give the right trend for GBP/USD.

Oct
29

AUD/USD D1 Technical October 29

AUD/USD is trapped in 1.0290 support and 1.0407  resistance. For today it has medium term bearish strength. So, 1.0290 level should be carefully watched. A break through 1.0290 will take Aussies further downside to target 1.0230 level.