Browsing all articles tagged with uppish
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.

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
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
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.

 

Jun
12

GBP/USD D1 Technical June 12

The long term outlook for the Cable remain bullish. Yesterday GBP/USD manage to hold its physical level 1.5500 and got a bounce from 1.5517 level. Pair is expected to continue its bullish structure and face its resistance today at 1.5692 level.

Price action on 0.9692 level should be carefully handle. If GBP/USD manage to break through 1.5692 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.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change.

May
24

EUR/USD D1 Technical May 24

Bollinger bands are showing sell signals but as long 1.3006 level not broken EUR/USD will remain bearish. Pair is expected to move up today. Yesterday EUR/USD manage to give a day closure above 1.2900 level which will provide some bullish strength and EUR/USD is expected to move up and face its resistance at 1.2955 level.

If pair break through its resistance then pair will target towards 1.3006 level. Price action on 1.3006 level should be carefully watch. If EUR manage to overcome this level and Weekly closure above 1.3006 then pair will continue its uppish trend.

High impact News can change the scenario. News like Core Durable Goods Orders m/m, German Ifo Business Climate.

 

May
23

EUR/USD D1 Technical May 23

Yesterday in late session EUR/USD got a strong pull back from 1.3000 level and dropped upt0 167 pips. Now the outlook for the pair is bearish.  Bollinger bands are also providing sell signals for the pair.

Pair is expected to move first up to 1.2880-900 level and then start falling towards southward and target its support at 1.2798 and further downward.

On the other hand. If pair manage to break 1.2950 level and H4 candle closure above this level it will then indicate change in trend and EUR/USD will then continue its uppish trend.

High impact News can change the scenario. News like  Unemployment Claims, New Home Sales, French Flash Manufacturing PMI, German Flash Manufacturing PMI, ECB President Draghi Speaks.

 

May
20

EUR/USD D1 Technical May 20

The outlook for EUR/USD remain bearish but currently D1 and H4 candle chart are showing uppish trend which will take EUR/USD to test its resistance at 1.2880 level. Bollinger bands are tighten due to oversold of pair.

There can be two scenario. First, if EUR/USD manage to break its resistance and H4 candle chart close above 1.2880 level then it will provide more potential to EUR and pair will further move towards north.

Secondly, Pair can get a pullback form 1.2880 level. So price action on 1.2880 level should be watch. If pair fails to overcome this level and H4 closure below 1.2880 level then it will provide a valid sell entry.

 

May
13

USD/CAD D1 Technical 13

USD/CAD manage to hold its key level 1.0000 and start moving upward and target 1.0150 level. Pair is expected to continue its uppish trend and test its next resistance at 1.0180 level.

Bollinger bands are not showing clear signals. But price action on 1.0080 which is support level should be carefully watch. If pair hold this level then pair will continue its bullish trend.

If pair fails to hold 1.0080 level and H4 candle closure below support level then it will provide a valid sell entry point with target 1.0000 level.

High impact Data of USD can affect the pair. Data like Core Retail Sales m/m, Retail Sales m/m.