Browsing all articles tagged with vanished
May
29

USD/CAD D1 Technical May 29

USD/CAD mange to break 1.0390 level yesterday. Now pair will face its weekly resistance at 1.0445 level. W1 is showing group of sellers in this zone.  Bollinger bands are not providing clear signals due to overbought of USD/CAD.

So, it is important to watch price action on 1.0445 level. If pair get pull back from this level and H4 or D1 candle closure below 1.0390 level then it will clearly indicate bearish strength and USD/CAD will then start moving southward and first target will be 1.0300-0280 level respectively.

This scenario will be vanished. If pair manage to overcome its resistance and H4 or D1 candle chart closure above 1.0445 level. It will then indicate USD/CAD still have bullish strength which will take pair further upward.

High impact News of CAD can affect the trend of USD/CAD. News like BOC Rate Statement, Overnight Rate.

May
23

GBP/USD D1 Technical May 23

GBP/USD is in bearish trend.  Pair is expected to move down and test its support at 1.4980 level. Price action on this level should be carefully watch. D1 and H4 chart are showing group of buyers in this zone.

If GBP/USD manage to hold this level and give a day closure above 1.5035 level then pair will move towards northward. The scenario will be vanished, if pair break its support and D1 closure below 1.4980 level. It will then indicate more bearish strength and Cable will then continue its downward trend.

High impact News can affect the trend of GBP/USD. News like Unemployment Claims, New Home Sales, Second Estimate GDP q/q.

May
20

USD/CAD D1 Technical May 20

Bollinger bands are providing sell signals for USD/CAD. As rate is at top of Bollinger showing overbought of USD/CAD. So, correction is expected towards 1.0235 level. If pair break 1.0235 level then USD/CAD will continue its southward trend.

The scenario will be vanished. If pair break 1.0307 level and D1 closure above resistance will provide more bullish strength that will take pair higher.

May
13

EUR/USD D1 Technical 13

The outlook for the EUR/USD is bearish for today. Pair will face its support at 1.2928 level. Bollinger bands are showing sell signals for EUR/USD. If pair manage to break through its support level and H4 candle close below 1.2928 level then it will show bearish potential and EUR will then dropped further towards south and target 1.2880 level.

The scenario will be vanished, If EUR/USD manage to overcome its resistance 1.3045 level and H4 closure above 1.3045 will take pair further high towards northward.

High impact News can affect the Trend of pair. News like Core Retail Sales m/m, Retail Sales m/m, Eurogroup Meetings.

 

May
7

GBP/USD D1 Technical May 07

The outlook remain bullish for the cable. The resistance is at 1.5611 and support around 1.5480 level. Today GBP/USD will test its support level.

If GBP/USD manage to break through 1.5480 level and give a day closure below this level then it will conform bearish reversal and pair will then rapidly  towards 1.5400 level.

The scenario will be vanished. If GBP/USD manage to break its physical level 1.5600 and closure D1 above 1.5611 level then it will indicate bulls are ready to take GBP/USD further towards north.

 

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.

May
1

GBP/USD D1 Technical May 01

The longer term outlook for the cable remain bullish. Now the resistance is around 1.5585 level. We are expecting GBP/USD to move down and test its support level 1.5465. Price action should be watch on this level.

If GBP break through its support level and H4 candle closure below 1.5465 then it will allow pair to dropped further towards 1.5420 level.

The scenario will be vanished, if GBP/USD break its resistance 1.5585 level and H4 candle close above this then pair will continue its bullish trend.

High impact News can change the scenario. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.

 

Apr
30

EUR/USD D1 Technical April 30

EUR/USD is trapped in a small range of 1.2990-1.3130 level. Bollinger bands are showing bearish trend. So, pair is likely to face its support level 1.2990. Price action on this level should be carefully watch. If EUR/USD manage to break its physical level and H4 candle close below 1.2990 level then it will allow pair to dropped further towards south and target 1.2950-20 level respectively.

The scenario will be vanished, If EUR/USD manage to break 1.3130 level and H4 candle close above resistance level . This will then provide more potential to pair and EUR/USD will then continue its uppish trend towards 1.3200 level.

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

Apr
25

GBP/USD D1 Technical April 25

GBP/USD got bullish in Asian session and target 1.5330. At this level a trend line is held which resist the pair and now cable is floating under the trend line. Break through this trend line and H4 closure above 1.5360 will provide more bullish strength to GBP/USD and pair will then target 1.5400-30-60 level respectively.

The scenario will be vanished, If GBP/USD didn’t manage to break this trend line, then cable will rapidly start falling towards south.

High impact News can affect the move of GBP/USD. News like Unemployment Claims, Prelim GDP q/q.

Apr
24

GBP/USD D1 Technical April 24

GBP/USD is not showing clear trend. But on the long term we are expecting GBP/USD to remain bullish. Today’s resistance is around 1.5315 level. If pair manage to break through its resistance and H4 closure above 1.5315 level then cable will continue its uppish trend and will target 1.5400 level.

The scenario will be vanished. If GBP/USD didn’t hold its support 1.5190 level, it will then allow pair to dropped towards south and target 1.5150-100 level respectively.