Browsing all articles tagged with watch
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
25

USD/CAD D1 Technical June 25

The outlook remain bullish above 1.0390 level. Bollinger bands are not providing clear signals due to oversold of USD/CAD. Correction is expected towards 1.0445 level. Price action on 1.0445 level should be carefully watch.

If USD/CAD manage to break its support level and H4 candle closure below 1.0445 level then pair will target 1.0390  which is key support. But if pair fails to break its support and get a bounce from support zone then it will continue its bullish trend towards 1.0550-600-650 level respectively.

High impact News can affect the move of USD/CAD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Jun
18

EUR/USD D1 Technical June 18

The outlook for the EUR/USD is bullish above 1.3300 level. Bollinger bands are also showing buy signals for the pair. The key level is now 1.3400-35 level. Price action on this level should be carefully watch. If pair get a pull back from this zone and H4 candle closure below 1.3390 level then it will provide a valid sell entry point.

On the contrary, If EUR/USD manage to break through 1.3435 level and H4 or D1 candle chart closure above resistance zone then it will open gates towards northward and EUR/USD will then continue its uppish trend.

High impact News can affect the movement of EUR/USD. News like Building Permits, Core CPI m/m.

 

Jun
17

GBP/USD Technical June 17

The longer term outlook for the Cable remain bullish. Bollinger bands are showing buy signals for the pair. Price action on 1.5736 level should be watch. If GBP/USD manage to break 1.5736 level and H4 candle closure above resistance then GBP/USD will gain more bullish potential that will take pair further up towards north and GBP/USD will then target 1.5800 level.

But if GBP/USD manage to break its support 1.5685 level and H4 candle closure below this level then pair will dropped towards south and target 1.5640-600 level respectively.

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

USD/CAD D1 Technical June 13

USD/CAD is showing a mix trend. Pair is trading in a range to 1.0160-1.0290 level. Break of any level will clear the trend. Bollinger bands are showing buy signals for the pair.

According to previous event, resistance is at 1.0250 level. If USD/CAD manage to break its resistance then pair will target 1.0290 level. Price action on 1.0290 level should be carefully watch. D1 and H4 candle chart are showing group of sellers in this zone. So, if pair get a pull back and H4 candle closure below 1.0290 level then it will provide a valid sell entry targeting 1.0200 level.

On the contrary, Break of 1.0290 level will provide more strength to USD/CAD and pair will then continue to move towards northward.

High impact Data’s of USD can change the scenario. Data’s 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

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 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 Employment Change, Unemployment Rate.

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.