EUR/USD D1
The outlook for the EUR/USD is bearish. Pair is likely to test its support at 1.2799 level. Bollinger bands are not providing clear signals for the pair. Yesterday EUR dropped around 140 pips in late session, which is indicating pair is now under pressure .
There can be two scenario now. First EUR/USD go towards south and test its support at 1.2799 level and get a good support and move further towards northward. This scenario will be done, If pair manage to hold its support level and H4 candle close above support level.
On the other hand, If EUR/USD manage to break through its support level and H4 candle close below this level. This will then indicate more bearish pressure on EUR/USD and pair will further fall towards south.
High impact News of USD can change the scenario. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
GBP/USD H4
GBP/USD is trading in a short range of 1.5068-1.5140 level. Break of any level will clear the trend for cable. We are expecting pair to hold its support 1.5068 level and continue its uppish trend. If pair manage to break 1.5140 level it will then allow GBP/USD to move further upward and target 1.5170-95 level respectively.
The whole scenario can be vanished, if pair break through its support 1.5068 level. It will indicate strong bearish strength and pair will likely to fall rapidly towards 1.5000 level.
High impact Data’s can affect the movement of GBP/USD. Data’s like Claimant Count Change, MPC Meeting Minutes, Annual Budget Release, FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
AUD/USD D1
Yesterday Aussies got bearish strength and target 50.0 % Fibonacci but pair manage to give a day closing above 50.0 % Fibonacci. So, we are expecting pair to have bullish strength and target 61.8 % Fibonacci today which is at 1.0415 level. If AUD/USD manage to break 1.0415 level and H4 candle close above it, then pair will further move towards north and target 1.0450-75 level respectively.
On the contrary, if AUD/USD fails to close above 1.0400 level, it will then change the scenario and pair will start bearish trend and target 38.2% Fibonacci level.
High impact News can affect the trend of pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
USD/CHF H4
USD/CHF is in bullish strength and is likely to test its resistance at 0.9515 level. Bollinger bands are also providing buy signals for the pair. Price action on 0.9515 level should be handle carefully. If USD/CHF break through 0.9515 level and H4 candle close above it then pair will further move towards north.
On the contrary, If pair didn’t manage to break 0.9515 level and H4 candle close below 0.9515 level, it will then indicate bears take charge an USD/CHF will then start moving towards south.
High impact News can affect the pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
Source: UMOFX One Stop Market Centre | NDD Broker
The outlook for the EUR/USD is bearish. Pair is likely to test its support at 1.2799 level. Bollinger bands are not providing clear signals for the pair. Yesterday EUR dropped around 140 pips in late session, which is indicating pair is now under pressure .
There can be two scenario now. First EUR/USD go towards south and test its support at 1.2799 level and get a good support and move further towards northward. This scenario will be done, If pair manage to hold its support level and H4 candle close above support level.
On the other hand, If EUR/USD manage to break through its support level and H4 candle close below this level. This will then indicate more bearish pressure on EUR/USD and pair will further fall towards south.
High impact News of USD can change the scenario. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
GBP/USD H4
GBP/USD is trading in a short range of 1.5068-1.5140 level. Break of any level will clear the trend for cable. We are expecting pair to hold its support 1.5068 level and continue its uppish trend. If pair manage to break 1.5140 level it will then allow GBP/USD to move further upward and target 1.5170-95 level respectively.
The whole scenario can be vanished, if pair break through its support 1.5068 level. It will indicate strong bearish strength and pair will likely to fall rapidly towards 1.5000 level.
High impact Data’s can affect the movement of GBP/USD. Data’s like Claimant Count Change, MPC Meeting Minutes, Annual Budget Release, FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
AUD/USD D1
Yesterday Aussies got bearish strength and target 50.0 % Fibonacci but pair manage to give a day closing above 50.0 % Fibonacci. So, we are expecting pair to have bullish strength and target 61.8 % Fibonacci today which is at 1.0415 level. If AUD/USD manage to break 1.0415 level and H4 candle close above it, then pair will further move towards north and target 1.0450-75 level respectively.
On the contrary, if AUD/USD fails to close above 1.0400 level, it will then change the scenario and pair will start bearish trend and target 38.2% Fibonacci level.
High impact News can affect the trend of pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
USD/CHF H4
USD/CHF is in bullish strength and is likely to test its resistance at 0.9515 level. Bollinger bands are also providing buy signals for the pair. Price action on 0.9515 level should be handle carefully. If USD/CHF break through 0.9515 level and H4 candle close above it then pair will further move towards north.
On the contrary, If pair didn’t manage to break 0.9515 level and H4 candle close below 0.9515 level, it will then indicate bears take charge an USD/CHF will then start moving towards south.
High impact News can affect the pair. News like FOMC Economic Projections, FOMC Statemen, FOMC Press Conference.
Source: UMOFX One Stop Market Centre | NDD Broker
