Browsing all articles tagged with W1
Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.

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
28

USD/CAD D1 Technical May 28

USD/CAD is in bullish mood. Pair get support around 1.0300 level and now pair will face resistance at 1.0390 level. If USD/CAD manage to break this level then pair will target 1.0420-45 level respectively.

If pair manage to reached 1.0445 level then price action should be watch. W1 is showing strong resistance at this zone. Pair can get a strong pull back from 1.0445-50 level. if pair get pull back from resistance zone and D1 or H4 candle chart closure below 1.0390 level then it will provide a valid sell entry point.

 

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
10

EUR/USD W1 Technical 10

This week EUR/USD didn’t manage to break 1.3200 level and dropped around 280 pips. Bollinger bands are showing sell signals for the pair. Break of 1.3000 level has confirmed bearish trend. Now EUR/USD is expected to target 1.2880 level which is its next weekly support and a trendline is also passing just through the support level.

So price action on 1.2880 level should be carefully watch.  If EUR/USD manage to break this level in coming week and D1 closing below 1.2880 level. It will then indicate more bearish pressure on EUR/USD and pair will continue its southward trend.

On the contrary, If EUR/USD manage to give a day closure above 1.3000 level then it will change the scenario and then pair will start moving upward.

Mar
27

USD/CHF D1 Technical March 27

 

The outlook for the pair is bullish. USD/CHF break its resistance 0.9520 level and now it will test its weekly resistance at 0.9591 level. Price action on this level should be carefully watch. W1 is showing group of sellers in this zone. If pair get a pull back from its resistance and  give a day closure below 0.9590 level. Then it will shows bears are taking charge and then it will take pair towards south.

High impact Data of USD can affect USD/CHF. Data like Pending Home Sales m/m.

Mar
14

USD/CHF D1 Technical March 14

Yesterday pair test its support 0.9430 but get a pullback due to positive news of USD. Pair still have strength to move upward and target 0.9555 level. If pair manage to break this level then it will allow pair to move up and target 0.9590-95. W1 is showing resistance at 0.9590 level.

So, price action on0.9590 level is important to watch. If pair manage to break resistance then it will further move towards north and continue its uppish trend. On the other hand. If pair didn’t manage to break resistance and H4 candle close below 0.9590 level then we are expecting USD/CHF to start moving towards south and target 0.9400 level.

High impact News can affect the move of USD/CHF. News like PPI m/m, Unemployment Claims.

Feb
22

Weekly Outlook of AUD/USD February 22

 

AUD/USD is trading in a small range of 1.0340-1.0290 level. Bollinger bands are showing buy signals for the pair but as long pair hold resistance 1.0340 level, there will remain bearish pressure on Aussies. If pair manage to close above 1.0340 level, then it will further target north. On the contrary, closing of  H4 candle below resistance will indicate bearish strength and pair will start to move towards south.

Yesterday pair got a strong support from 1.0220 level and target +120 pips. Now pair is testing resistance at 1.0340 level and trendline is also held there. So price action on 1.0340 level is important to watch. Daily closure below the resistance will again provide AUD bearish potential and pair will dropped towards southward.

On the weekly chart resistance is at 1.0375 level and support is around 1.0112 level. This week pair try to overcome 1.0375 level but didn’t manage to close above it and get a pull back. Now 1.0375 is a strong level of resistance. Breakthrough 1.0375 level is needed for pair to continue its bullish trend. On the other hand. Weekly closure below this level will open gate for AUD/USD and pair will again move towards south and target its support 1.0212 level.

Feb
22

Weekly outlook of GBP/USD February 22

 

 

After breaking key level of 1.5400 level, Cable didn’t manage to move up, and dropped up to 270 pips. The pair was expecting to move up for retracement but negative news make more pressure on GBP/USD and pair continue to dropped southward. Now H4 chart is showing resistance at 1.5318 level. If pair manage to break this level and H4 candle close above it, then pair can move northward.

Daily chart is showing bearish trend for GBP. In early session pair try to move up for retracement, but again get a pull back from trend line. If pair hold this trend line and H4 candle close below this level, then we will see more downward movements.

Weekly chart for pair is showing oversold for the pair. Bollinger bands are not showing clear signals. Now weekly support is at 1.5112 level. If pair manage to hold this support level and give a daily closing above this level, then we can see some uppish movements of GBP/USD.