Browsing all articles tagged with Unemployment claims
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.

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

GBP/USD D1 Technical June 27

Cable is under pressure. Pair is expected to test its next support around 1.5260 level. Bollinger bands are providing sell signals for the GBP/USD. If pair manage to break through 1.5260 level and H4 or D1 candle closure below this level then it will show pair is more under pressure and GBP/USD rapidly fall towards southward and target 1.5200-160 level respectively.

But if pair fails to break its support level and get a bounce from its support then pair will start a new bullish trend and target 1.5415 level.

High impact News can affect the pair. News like Unemployment Claims, Pending Home Sales m/m, Current Account.

Jun
27

EUR/USD D1 Technical June 27

EUR/USD manage to break its support level 1.3006 yesterday. Now pair is expected to target 1.2950 level. Bollinger bands are showing sell signals for the pair. Price action on 1.3107  level should be watch.

If EUR/USD manage to reached that level and get a pull back and H4 candle closure below resistance then it will provide a valid sell entry with stop loss located just above 1.3150 level and take profit at 1.2955 level.

On the contrary, If pair manage to break through its resistance and H4 candle closure above 1.3107 then it will allow pair to further move up and target 1.3150-75-200 level respectively.

High impact News can change the scenario. News like Unemployment Claims, Pending Home Sales m/m, Italian 10-y Bond Auction.

 

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
13

USD/CAD D1 Technical June 13

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend. Bollinger bands are showing buy signals for the pair.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

High impact Data’s of USD can change the scenario. Data’s like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
13

GBP/USD D1 Technical June 13

The long term outlook for the Cable remain bullish. Currently GBP/USD is testing its physical level 1.5700. Pair is expected to continue its bullish structure. Bollinger bands are tighten due to overbought of GBP.

Price action on 1.5700 level should be carefully handle. If GBP/USD manage to break through 1.5700 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry targeting towards 1.5605 level.

High impact News can affect the movement of GBP/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.