EUR/USD D1
Yesterday in last session EUR/USD manage to break its resistance 1.3130 level and target 56 pips. Now the resistance is at 1.3200 level. Price action on this level should be watch. If pair manage to break this level and H4 candle close above 1.3200 then it will indicate more bullish strength and EUR/USD will then continue its uppish trend.
On the contrary, If pair reached at 1.3130 level and closure H4 below support level then EUR/USD will fall rapidly towards south and target 1.3050-300 level respectively.
High impact News can affect the trend of pair. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.
GBP/USD D1
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.
AUD/USD D1
AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing buy signals for the pair. Pair is expected to first test its support at 1.0290 level. Price action on this level should be carefully watch.
If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north.
On the other hand, If AUD/USD fails to hold its support level and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.
High impact News can affect the movement of AUD/USD. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.
USD/CAD D1
USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement. If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.
The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.
High impact News of USD can change the scenario. News like CB Consumer Confidence.
01 May 2013
Source: UMOFX One Stop Market Centre | NDD Broker
Yesterday in last session EUR/USD manage to break its resistance 1.3130 level and target 56 pips. Now the resistance is at 1.3200 level. Price action on this level should be watch. If pair manage to break this level and H4 candle close above 1.3200 then it will indicate more bullish strength and EUR/USD will then continue its uppish trend.
On the contrary, If pair reached at 1.3130 level and closure H4 below support level then EUR/USD will fall rapidly towards south and target 1.3050-300 level respectively.
High impact News can affect the trend of pair. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.
GBP/USD D1
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.
AUD/USD D1
AUD/USD is trading in a range of 1.0290-1.0390 level. Bollinger bands are providing buy signals for the pair. Pair is expected to first test its support at 1.0290 level. Price action on this level should be carefully watch.
If Aussies manage to break through 1.0390 level and H4 closure above 1.0390 then pair will got bullish strength and start moving towards north.
On the other hand, If AUD/USD fails to hold its support level and H4 candle close below support then pair will start falling towards south and target will be 1.0260-0224.
High impact News can affect the movement of AUD/USD. News like ISM Manufacturing PMI, ADP Non-Farm Employment Change, FOMC Statement.
USD/CAD D1
USD/CAD is currently trading above its support level 1.0100 level. As the price is at last Bollinger showing oversold of USD/CAD, So pair is expected to move up for retracement. If USD/CAD manage to break its resistance 1.0120 level and H4 closure above this level then it will allow pair to further move upward.
The scenario will be change, If USD/CAD didn’t manage to hold its support level and H4 candle closure below 1.0100 then pair will fall further towards southward.
High impact News of USD can change the scenario. News like CB Consumer Confidence.
01 May 2013
Source: UMOFX One Stop Market Centre | NDD Broker