Browsing all articles tagged with upward
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.

 

Jun
26

GBP/USD D1 Technical June 26

The key level is now 1.5400. Pair is expected to break this level and dropped further towards southward and target 1.5330-280 level. Price action on 1.5400 level should be watch. If cable manage to break this level then it will open gate towards  south and pair will then target 1.5330-270 level respectively.

But if GBP/USD manage to hold this level 1.5400 then it will take pair higher towards 1.5500-12 level. Break through 1.5512 level will take pair further upward and target 1.5550-5600 level respectively.

High impact News can change the scenario. News like BOE Gov King Speaks.

Jun
17

AUD/USD Technical June 17

AUD/USD is trading in a range of 0.9525-0.9696 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9696 level should be carefully watch. If price reached to this level and get a pull back then it will indicate bearish strength and Aussies will then start moving towards 0.9580-60-25 level respectively.

On the other hand, If AUD/USD manage to break through 0.9696 level and H4 or D1 level closure above this level then AUD/USD will further move upward and target 0.9840 level.

High impact News can change the scenario. News like Monetary Policy Meeting Minutes.

Jun
13

EUR/USD D1 Technical June 13

Yesterday EUR/USD manage to break its resistance 1.3306 level. Today’s resistance is at 1.3407 level. Price action on this level should be carefully watch. Pair can get a pull back from 1.3407 level.

If EUR/USD manage to overcome its resistance and H4 candle closure above  1.3407 level then it will indicate pair got more bullish strength that will take pair further upward.

On the other hand, If pair didn’t manage to break through its resistance and H4 candle chart closure below 1.3407 level then EUR/USD will start falling towards southward and target 1.3310 level.

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

 

Jun
13

AUD/USD D1 Technical June 13

AUD/USD got bullish trend above 0.9380 level. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9580 level.

Price action on 0.9580 level should be carefully watch. If AUD/USD manage to break through this level today and H4 candle closure above 0.9580 level then it will indicate more  bullish strength and Aussies will then target 0.9650-95 level respectively. Daily closure above 0.9696 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
12

EUR/USD D1 Technical June 12

Pair is still under the resistance. Today’s resistance is at 1.3318 level. Price action on this level should be carefully watch. There can be two scenario.

First, if EUR/USD manage to overcome its resistance and H4 candle closure above  1.3318 level then it will take pair further upward.

Secondly, If pair didn’t manage to break through its resistance and H4 candle chart closure below this level then EUR/USD will start falling towards southward and target 1.3245 level.

High impact News can affect the Trend of EUR/USD. News like German Constitutional Court Ruling.

 

Jun
11

USD/CAD D1 Technical June 11

USD/CAD manage to hold its support 1.0160 level and move upward. As pair has break its resistance 1.0233 level now next target will be 1.0290. Bollinger bands are also showing buy signals for the pair.

Price action on 1.0290 level should be carefully watch H4 and D1 candle chart are showing group of sellers in this zone. So, if pair get a pull back from 1.0290 level and H4 candle closure below this level then USD/CAD will dropped again towards 1.0233-200 level.

The scenario will be change, If USD/CAD manage to break 1.0290 level and H4 or D1 candle chart closure above resistance level. It will then show more bullish potential that will take USD/CAD high towards north.

 

Jun
11

GBP/USD D1 Technical June 11

The long term trend for Cable is bullish. Currently GBP/USD is moving sideways. Pair is expected to hold 1.5500 level and move upward and face its resistance at 1.5692 level. Bollinger bands are not providing clear signals yet.

Price action on 1.5500 level should be carefully watch. If pair fails to hold this level and H4 candle closure below 1.5500 level then GBP/USD will start falling towards south and target 1.5415 level.

 

Jun
11

EUR/USD D1 Technical June 11

Pair is trading in a range of 1.3170-1.3306 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through 1.3306 level and H4 candle closure above this level then it will open gates towards north and EUR/USD will move upward and target 1.3400 level.

On the contrary, If pair fails to break 1.3306 level and H4 candle closure close below 1.3300 level it will then indicate pair got bearish and provide a valid sell entry and target will be 1.3175 level.

 

Jun
10

USD/CAD D1 Technical June 10

USD/CAD is under pressure now. Pair has tested 1.0160 level but get a bounce. Bollinger bands are not providing clear signals yet. Price action on 1.0160 level should be carefully watch.

If pair manage to break support level and H4 candle closure below 1.0160 level then USD/CAD will continue its bearish trend.

The scenario will be vanished. If USD/CAD manage to break through its resistance 1.0234 level and D1 closure above this level will allow pair to move upward and target 1.0290 level.