Browsing all articles tagged with USD
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.

May
24

USD/CAD D1 Technical May 24

USD/CAD get a strong pull back from 1.0390 level and target  around 90 pips yesterday. Now the support is at 1.0280 level. Price action on this level should be carefully watch.

If USD/CAD break through its support and H4 candle closure below this level, it will then indicate bearish strength and pair will continue to fall towards 1.0200 level.

On the contrary. Break of 1.0390 level, will take pair to target 1.0420-45 level respectively. If pair manage to give a weekly closure above 1.0445level then USD/CAD will further move towards north.

High impact News of USD can affect the trend of USD/CAD. News like Core Durable Goods Orders m/m.

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.

May
10

GBP/USD W1 Technical 10

Due to positive data of USD GBP/USD didn’t manage to overcome its physical level 1.5600 level and fall around 290 pips this week. Break of 480-400 level indicating GBP is now under pressure.

Bollinger bands are showing  bearish signal for the pair. Cable is expected to target 1.5250 level next week. W1 and D1 are showing buyers in this zone. So if GBP/USD manage to hold 1.5250 level then pair will start a new bullish trend which will take GBP/USD higher towards 1.5800 level.

On the other hand, If GBP/USD fails to hold 1.5250 level and give a day closure below this level then it will provide a valid sell entry point which will target towards 1.5180-100 level respectively.

May
2

USD/CAD D1 Technical May 02

As the rate is as last Bollinger showing oversold zone for USD/CAD. So here is expected retracement for the pair.  The strong support is at 1.0060 level.  D1 and H4 is showing group of buyers in this zone. If today USD/CAD manage to hold its support level and give a day closure above 1.0100 level then pair will again start is bullish trend.

This scenario will be vanished, If USD/CAD didn’t manage to hold 1.0060 level and give a day closure below 1.0060 level then it will open gates towards southward.

High impact News of USD can affect the pair. News like Trade Balance, Unemployment Claims.

Apr
30

USD/CAD D1 Technical April 30

USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement.  If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.

The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.

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

Apr
29

USD/CAD D1 Technical April 29

USD/CAD will test its support at 1.0140 level. Price action on this level should be handle carefully. If pair manage to hold this level and H4 candle close above 1.0140 level then pair is likely to move towards northward. The scenario will be change, if USD/CAD break 1.0140 level and H4 candle close below support level then it will allow pair to dropped further towards 1.0075 level.

High impact News of USD can affect the pair. News like Pending Home Sales m/m.

Apr
25

USD/CAD D1 Technical April 25

USD/CAD didn’t manage to overcome 1.0290 level and start moving towards south in early Asian session. Today the outlook for USD/CAD is bearish. Pair will face its support at 1.0190 level. Bollinger bands are also providing sell signals for the pair.

Price action on 1.0190 level should be watch carefully. If USD/CAD break its support and give a day closure below support level then it will open gate towards south and USD/CAD will then further dropped.

High impact Data of USD can affect the pair. Data like Unemployment Claims.

Apr
23

USD/CAD D1 Technical April 23

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario.

First, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.

On the other hand, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.

High impact News of USD can affect the trend of USD/CAD. News like New Home Sales, Core Retail Sales m/m, BOC Gov Carney Speaks.

Apr
22

USD/CAD D1 Technical April 22

USD/CAD is trading in a range of 1.0200-0290 level. Break of any level will clear the trend. If USD/CAD manage to break 1.0290 level and H4 candle close above resistance then USD/CAD will gain bullish strength and continue its uppish trend. But if pair fails to overcome its 1.0290 level then pair will start moving southward and target 1.0200 level.

High impact News of USD can affect USD/CAD. News like Existing Home Sales.