UMOFX Daily Technical Analysis

[AsiaDev]

EUR/USD D1

EUR/USD will remain bullish above 1.3000 level. Pair is expected to test its resistance at 1.3080 level. Price action on 1.3080 should be watch carefully. Pair can get a pull back from this zone if H4 candle fails to close above 1.3080 level and if EUR/USD manage to break 1.3080 level and H4 candle closure above 1.3080 level, it will then take EUR up towards 1.3140-1.3170 level respectively.
High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

GBP/USD D1

GBP/USD got bullish in Asian session and target 1.5330. At this level a trend line is held which resist the pair and now cable is floating under the trend line. Break through this trend line and H4 closure above 1.5360 will provide more bullish strength to GBP/USD and pair will then target 1.5400-30-60 level respectively.
The scenario will be vanished, If GBP/USD didn’t manage to break this trend line, then cable will rapidly start falling towards south.
High impact News can affect the move of GBP/USD. News like Unemployment Claims, Prelim GDP q/q.

AUD/USD D1

AUD/USD manage to break its resistance 1.0290 level. Now pair is expected to continue its uppish trend and face its next resistance at 1.0390 level. Price action on 1.0290 level should be carefully watch. This level is acting as a support for today. If pair manage to hold 1.0290 level and H4 closure above support then pair will target 1.0390 level.
On the other hand. If Aussies manage to break through its support level and H4 closure below 1.0290 level then it will indicate bearish strength and AUD/USD will then further move down and target 1.0224 level.
High impact News can affect the trend of AUD/USD. News like Unemployment Claims.

USD/CAD D1

USD/CAD didn’t manage to overcome 1.0290 level and start moving towards south in early Asian session. Today the outlook for USD/CAD is bearish. Pair will face its support at 1.0190 level. Bollinger bands are also providing sell signals for the pair.
Price action on 1.0190 level should be watch carefully. If USD/CAD break its support and give a day closure below support level then it will open gate towards south and USD/CAD will then further dropped.
High impact Data of USD can affect the pair. Data like Unemployment Claims.

25 April 2013

 

[AsiaDev]

EUR/USD D1

EUR/USD is expected to face its resistance at 1.3080 level. If pair manage to break this level and H4 candle closure above 1.3080 level then it will allow pair to continue its bullish trend and target 1.3140-70 level respectively.
The scenario will be vanished. If EUR/USD didn’t manage to overcome its resistance and H4 closure below 1.3080 level then it will indicate bearish potential and ER/USD will rapidly fall towards southward.
High impact News can affect the move of EUR/USD. News like Italian 10-y Bond Auction, Pending Home Sales m/m.

GBP/USD D1

The long term outlook for cable remain bullish. As the rate is on top of bollinger showing oversold for GBP/USD so there will so some correction. If GBP/USD test its resistance at 1.5550 level and fails to give a H4 closure above 1.5550 level then pair is likely to dropped towards south and target 1.5420 level.
On the other hand, If cable manage to break its resistance and H4 candle closure above 1.5550 level then GBP/USD will continue to move upward.
High impact News can affect the trend of pair. News like Pending Home Sales m/m.

AUD/USD D1

AUD/USD didn’t manage to give a day closure above 1.0290 level. So, pair is expected to move down and test its support around 1.0224 level. Bollinger bands are not showing clear signals for the pair yet. Price action on 1.0334 level should be carefully watch.
If Aussies manage to break though 1.0334 level and H4 closure above 1.0334 then it will indicate bullish strength for the pair and AUD/USD will then continue its uppish trend and likely to face its next resistance at 1.0390 level. On the contrary, If pair fails to break its resistance and H4 candle closure below 1.0334 level then AUD/USD will fall towards south and target its support at 1.0224 level.
High impact News can affect the movement of AUD/USD. News like Pending Home Sales m/m.

USD/CAD D1

USD/CAD will test its support at 1.0140 level. Price action on this level should be handle carefully. If pair manage to hold this level and H4 candle close above 1.0140 level then pair is likely to move towards northward. The scenario will be change, if USD/CAD break 1.0140 level and H4 candle close below support level then it will allow pair to dropped further towards 1.0075 level.
High impact News of USD can affect the pair. News like Pending Home Sales m/m.

29 April 2013

 

[AsiaDev]

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

 

[AsiaDev]

EUR/USD D1

EUR/USD remain bullish above 1.3135 level. Yesterday pair break its resistance 1.3200 but didn’t manage to closure above this level. So, pair is likely to face its support level today.
If EUR/USD manage to hold its support level 1.3135 and H4 closure above this level then pair will continue its bullish trend and target 1.3240 level.
On the other hand. Break through support level will allow EUR/USD to fall rapidly towards south and target 1.3070-50 level respectively.
High impact News can affect the movement of EUR/USD. News like Minimum Bid Rate, ECB Press Conference, Trade Balance, Unemployment Claims.

GBP/USD D1

The long term outlook remain bullish for GBP/USD. Yesterday GBP/USD manage to reached its physical level 1.5600. Now the resistance its around 1.5611 level. D1 is showing overbought zone for pair. So correction is expected.
There can be Two scenarios. First, GBP/USD move up and break its resistance and if H4 candle close above 1.5611 level then cable is likely to got more bullish strength and continue its uppish movement.
Secondly, Price action on 1.5504 level should be watch. Above this level pair will remain in bullish trend. If GBP/USD manage to hold this level and H4 candle close above 1.5504 then it will provide again a good buy entry point.
High impact News can affect the trend of GBP/USD. News like Construction PMI, Trade Balance, Unemployment Claims.

AUD/USD D1

Aussies is under pressure. Pair is expected to move down and test its support at 1.0197 level. Bollinger bands are not providing clear signals for the pair yet. Price action on 1.0197 level should be watch.
If AUD/USD manage to hold its support level and H4 candle close above 1.0225 level then it will indicate bullish strength for the pair and AUD/USD will then start moving towards north and target 1.0290 level.
On the contrary, If AUD/USD fails to hold its support level and Day closure below 1.0197 then it will open gate towards southward and pair is likely to target 1.0145 level.
High impact News can change the scenario. News like Trade Balance, Unemployment Claims, PPI q/q.

USD/CAD D1

As the rate is as last Bollinger showing oversold zone for USD/CAD. So here is expected retracement for the pair. The strong support is at 1.0060 level. D1 and H4 is showing group of buyers in this zone. If today USD/CAD manage to hold its support level and give a day closure above 1.0100 level then pair will again start is bullish trend.
This scenario will be vanished, If USD/CAD didn’t manage to hold 1.0060 level and give a day closure below 1.0060 level then it will open gates towards southward.
High impact News of USD can affect the pair. News like Trade Balance, Unemployment Claims.

02 May 2013

 

[AsiaDev]

EUR/USD D1

The trend for the EUR/USD is neutral. Bollinger bands are also not providing clear signals for the pair. Below 1.3200 level EUR/USD remain in bearish trend. Currently EUR/USD is testing its physical level 1.3100 level.
Price action on this level should be watch. If pair fails to hold this level and H4 candle close below 1.3100 level then it will indicate bearish potential for EUR/USD and pair will rapidly dropped towards southward.
High impact News can affect the move of EUR/USD. News like ECB President Draghi Speaks.

GBP/USD D1

The long term trend remain bullish. In last session pair test its physical level 1.5600 level but get a pull back. Pair is now expected to move down and face 1.5500 level. If pair manage to break 1.5500 level and H4 closure below 1.5500 level take pair further down.
On the contrary, Day closure above 1.5600 level will indicate strong bullish strength and Cable will then continue its uppish trend and target 1.5650-700 respectively.

AUD/USD D1

Aussies got pull back and now it is moving down to test its support at 1.0213 level. Bollinger bands are showing sell signals for the pair but as long pair hold its support level, AUD/USD can get bounce from this level.
Price action on this level should be carefully watch. If pair manage to hold this level and H4 candle close above 1.0213 then AUD will start moving upward and target 1.0290 level.
On the other hand, Break through support and H4 closure below support level will allow pair to continue its bearish trend.
High impact News can affect the pair movement. News like Trade Balance.

USD/CAD D1

USD/CAD is in bullish mood. Pair will test its resistance at 1.0130 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure above 1.0130 level then pair will further move towards north.
The scenario will be change, If USD/CAD didn’t manage to hold its support 1.0050 level and H4 closure below support level will take pair down towards 1.0000 level.
High impact News can affect the pair. News like Ivey PMI, Building Permits m/m.

06 May 2013

 

[AsiaDev]

EUR/USD D1

The daily outlook for the EUR/USD is bearish for today. Resistance is now at 1.3145 level. Price action on this level should be watch carefully. If EUR/USD manage to break through this level and H4 candle close above 1.3145 level then pair will move further upward and target 1.3170-200-40 level respectively.
On the other hand, If EUR/USD fails to overcome its resistance and H4 candle close below 1.3145 level then pair will dropped towards its support 1.3050 level.

GBP/USD D1

The outlook remain bullish for the cable. The resistance is at 1.5611 and support around 1.5480 level. Today GBP/USD will test its support level.
If GBP/USD manage to break through 1.5480 level and give a day closure below this level then it will conform bearish reversal and pair will then rapidly towards 1.5400 level.
The scenario will be vanished. If GBP/USD manage to break its physical level 1.5600 and closure D1 above 1.5611 level then it will indicate bulls are ready to take GBP/USD further towards north.

AUD/USD D1

AUD/USD is in bearish mood. Bollinger bands are providing dell signals for the pair. Pair is likely to face its next support at 1.0145 level. Price action on this level should be carefully watch.
If Aussies break through this level and H4 candle close below 1.0145 level then it will show pair is under pressure and then AUD/USD will then continue its bearish trend.
On the contrary, If AUD/USD manage to hold its support level and Day closure above 1.0145 then pair will start moving towards north and target 1.0197 level first and continue onward its trend.

USD/CAD D1

Pair is in under pressure. Bollinger bands are showing sell signals for the pair. But as long pair hold its support 1.0000 level there are chances that pair can get a good rebounce from this zone.
So, Price action on 1.0000 level should be handle carefully. Day closure below 1.0000 level will confirm strong bearish trend for USD/CAD. On the contrary, If pair manage to break its resistance 1.0130 level and D1 closure above 1.0130 will provide bullish strength to USD/CAD and take pair further upward.

07 May 2013

 

[AsiaDev]

EUR/USD D1

EUR/USD is trading in a range of 1.3145 to 1.3050 level. Bollinger bands are showing neutral signals. But EUR/USD is expected to remain bearish under 1.3145 level.
There can be two scenario. First, To buy EUR/USD if pair break 1.3145 level and H4 candle close above this level. Secondly, on the break of 1.3050 level we can sell EUR and take profit at 1.3000 level.

GBP/USD D1

Yesterday cable break its support and dropped around 55 pips. Now pair is likely to continue its bearish trend towards 1.5400 level. Price action on this level should be carefully observed. If GBP/USD manage to break this level and D1 closure below 1.5400 level then it will indicate strong bearish strength for GBP and cable will then start falling towards southward.
The scenario will be vanished. If GBP/USD got bullish and closure H4 above 1.5520 will take pair upward and target 1.5600-611 level.

AUD/USD D1

Aussies manage to hold its support level 1.0145 level yesterday. Now pair is expected to move towards northward, if 1.0145 level is not broken. Bollinger bands are not providing clear signals due to oversold of AUD/USD.
Price action on 1.0145 level should be watch. If pair manage to hold this level then Aussies will start moving towards north. On the contrary, break through support level and H4 closure below 1.0145 level will indicate pair is under pressure and Aussies will then continue its bearish trend which starts from 1.0580 level.
High impact News can affect the trend of AUD/USD. News like Employment Change, Unemployment Rate.

USD/CAD D1

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.
If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.

08 May 2013
Source: UMOFX One Stop Market Centre | FSP Regulated | NDD Broker

 

[AsiaDev]

EUR/USD D1

Yesterday EUR/USD break 1.3145 level and target around 50 pips. Now the resistance it at 1.3240 level. Price action on this level should be watch. There can be two scenario. First, If pair manage to break through 1.3240 level and H4 candle close above this level then it will indicate bulls are ready to take EUR/USD towards north.
Secondly, If EUR/USD fails to overcome 1.3240 level and H4 candle closure below resistance level then it will provide a valid sell entry with stop loss located above 1.3310 and take profit at 1.3050 level.
High impact News can change the scenario. News like Unemployment Claims.

GBP/USD D1

The outlook remain bullish for the Cable but below 1.5611 level pair can get pull back. So, price action on 1.5611 level should be handle carefully. If GBP/USD manage to break 1.5611 level and give a day closure above its resistance then it will indicate strong bullish strength for the cable and GBP/USD will then further move up towards north.
On the other hand. If pair didn’t manage to overcome its resistance and H4 candle close below 1.5611 level then it will indicate pair didn’t have enough bullish potential to move further upward. It will then provide a valid sell entry with stop loss located just above 1.5650 level and take profit around 1.5400 level.
High impact News can affect the movement of GBP/USD. News like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Manufacturing Production m/m, Unemployment Claims.

AUD/USD D1

Aussies got bullish due to positive news and break its resistance 1.0197 level and now near to its next resistance around 1.0290 level. Bollinger bands are not providing clear signals. Price action on 1.0290 level should be carefully watch.
If AUD/USD manage to break 1.0290 level and H4 candle close above resistance then it will indicate bullish strength for the pair and AUD will then continue its bullish trend towards 1.0390 level.
On the contrary. If pair didn’t manage to break 1.0290 level and H4 candle close below this level then pair will start moving towards southward.
High impact News can affect the trend of AUD/USD. News like Unemployment Claims, RBA Monetary Policy Statement.

USD/CAD D1

USD/CAD is in oversold zone, pair can get a rebounce from this zone. D1 and H4 chart are showing group of buyers in 1.000-50 level and a trend line is also held. So price action on 1.0000 level is important to watch.
If USD/CAD hold this level and give a day closure above 1.000 then pair will start moving upward. On the other hand, If pair break its support level and D1 closure below 1.0000 level then it will open gates towards south.
High impact News can affect the move of USD/CAD. News like Unemployment Claims.

09 May 2013
Source: UMOFX One Stop Market Centre | FSP Regulated | NDD Broker

 

[AsiaDev]

EUR/USD D1

The outlook for the EUR/USD is bearish for today. Pair will face its support at 1.2928 level. Bollinger bands are showing sell signals for EUR/USD. If pair manage to break through its support level and H4 candle close below 1.2928 level then it will show bearish potential and EUR will then dropped further towards south and target 1.2880 level.
The scenario will be vanished, If EUR/USD manage to overcome its resistance 1.3045 level and H4 closure above 1.3045 will take pair further high towards northward.
High impact News can affect the Trend of pair. News like Core Retail Sales m/m, Retail Sales m/m, Eurogroup Meetings.

GBP/USD D1

After breaking 1.5400 level GBP/USD has confirmed bearish trend. Now pair is expected to first move down and face its support at 1.5270 level. Bollinger bands are providing sell signals for Cable.
Price action on 1.5270 level should be watch. If pair manage to break this level and closure H4 candle below 1.5270 then pair will get more bearish strength and continue its southward trend.
On the other hand, If GBP/USD manage to hold 1.5270 level and give a day closure above 1.5270 level then pair will get bullish strength and start a new bullish trend which will take pair higher.
High impact news can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m.

AUD/USD D1

AUD/USD is under pressure. Today’s support is at 0.9950 level. Bollinger bands are not providing clear signals due to oversold of Aussies. Price action on 0.9950 level should be carefully watch.
If AUD/USD manage to hold its support level and H4 candle close above 1.0000 level then it will indicate some bullish strength and pair will start to move upward. On the contrary, Break of 0.9950 level will allow pair to rapidly fall towards south and target 0.9900 level.
High impact News can affect the movement of AUD/USD. News like Core Retail Sales m/m, Retail Sales m/m.

USD/CAD D1

USD/CAD manage to hold its key level 1.0000 and start moving upward and target 1.0150 level. Pair is expected to continue its uppish trend and test its next resistance at 1.0180 level.
Bollinger bands are not showing clear signals. But price action on 1.0080 which is support level should be carefully watch. If pair hold this level then pair will continue its bullish trend.
If pair fails to hold 1.0080 level and H4 candle closure below support level then it will provide a valid sell entry point with target 1.0000 level.
High impact Data of USD can affect the pair. Data like Core Retail Sales m/m, Retail Sales m/m.

13 May 2013
Source: UMOFX One Stop Market Centre | FSP Regulated | NDD Broker