Browsing all articles tagged with trend
Jul
2

EUR/USD D1 Technical July 02

EUR/USD will remain in bearish trend under 1.3106 level. Bollinger bands are showing sell signals for the pair.  If pair manage to break through its resistance 1.3106 level and h4 candle chart closure above resistance then pair will show bullish potential  and EUR/USD will then continue its uppish trend towards 1.3150-70 level respectively.

But if pair fails to break its resistance and H4 candle closure below 1.3100 then it will provide a valid sell entry point with stop loss just located above 1.3006 and take profit at 1.3010 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.

Jun
27

AUD/USD D1 Technical June 27

Yesterday in late New York session Aussies manage to move up and test 0.9350 level but fails to break it and get a strong pull back  and target around 100 pips. Bollinger bands are not providing clear signals yet. But price action on 0.9350 level should be watch.

If AUD/USD manage to break this level and H4 candle closure above resistance then it will indicate more bullish strength and pair will then continue its upward movement.

On the other hand, If pair get a pull back and H4 candle closure below resistance level then pair will rapidly fall towards 0.9200 level.

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

Jun
26

USD/CAD D1 Technical June 26

USD/CAD is in bullish mood above 1.0390 level. Pair is testing 1.0555 level but get a pull back. Today’s support is around 1.0445 level. If pair manage to hold this level and H4 candle closure above this level then USD./CAD will continue its uppish trend and target will be 1.0555-600-650 level respectively.

But if USD/CAD didn’t manage to hold 1.0445 level and H4 candle closure below support level then it will indicate pair got bearish strength that will take USD/CAD towards 1.0390 key level.

Jun
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
24

AUD/USD D1 Technical June 24

Bollinger bands are not providing clear signal because of oversold. Now the support is at 0.9160 level and resistance is around 0.9318 level. Pair  is expected to move down and test its support first.

Price action on this level should be carefully watch. If Aussies manage to break through its support level and H4 candle closure below 0.9160 level then it will indicate more bearish potential and AUD/USD will then continue its bearish trend and target 0.9100 level.

On the contrary, If pair manage to hold its support level and get bounce then pair will start to move towards northward and target 0.9318 level.

Jun
19

EUR/USD D1 Technical June 19

The outlook for the EUR/USD is bullish but there is a strong resistance at 1.3434 level. Pair can get a pull back from this level. Price action on 1.3434 level should be watch. If pair manage to break through this level and H4 candle closure above this level then next target for the pair will be 1.3500 level.

On the contrary, If pair fails to break this resistance level and get a pull back then it will indicate lack of Bullish strength and EUR/USD will then rapidly fall towards 1.3314 level.

High impact News can affect the trend of EUR/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference.

Jun
18

USD/CAD D1 Technical June 18

USD/CAD is in bullish mood today. Pair manage to hold its support 1.0145 level and start moving towards northward. Now pair is expected to test its resistance at 1.0250 level. Bollinger bands are not showing clear signals yet. If pair break 1.0250 level then it will allow pair to face 1.0290 level which is acting as a strong resistance.

Price action on 1.0250 level should be carefully watch. If USD/CAD fails to break this level and H4 candle chart closure below resistance then pair will start bearish trend.

High impact Data’s of USD can affect the pair. News like Building Permits, Core CPI m/m.

 

Jun
18

EUR/USD D1 Technical June 18

The outlook for the EUR/USD is bullish above 1.3300 level. Bollinger bands are also showing buy signals for the pair. The key level is now 1.3400-35 level. Price action on this level should be carefully watch. If pair get a pull back from this zone and H4 candle closure below 1.3390 level then it will provide a valid sell entry point.

On the contrary, If EUR/USD manage to break through 1.3435 level and H4 or D1 candle chart closure above resistance zone then it will open gates towards northward and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like Building Permits, Core CPI m/m.

 

Jun
17

USD/CAD Technical June 17

Bollinger bands are showing sell signals for USD/CAD. Break of 1.0142 level is needed to confirm the bearish trend. If pair manage to break this level today and H4 candle closure below support level then USD/CAD will continue its bearish trend.

The scenario will be vanished, If pair manage to break 1.0234 level and H4 candle closure above it then it will show bullish strength that will take USD/CAD further up towards northward.