Browsing all articles tagged with weekly

USD/CAD D1 Technical June 24

USD/CAD is in bullish mood. Pair manage to overcome its resistance at 1.0445 and now USD/CAD is expected to face its next weekly resistance around 1.0520 level. Price action on this level should be watch carefully. Pair can get a strong pull back from this resistance zone. If pair fails to break this level and H4 candle closure below 1.0520 level then it will indicate lack of bullish strength and pair will then start moving towards southward and target 1.0445-400 level respectively.


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.


EUR/USD D1 Technical August 30

EUR/USD  has broken the resistance and manages to close above the resistance and the cable shows bullish reaction as soon as the cable reaches the support at 1.2500,so we recommend buy deals as the cable reaches the support level targeting 1.2590 and 1.2650 which is weekly pivot. Unemployment Claims can affect the rate of pair.