Daily Market Analysis

[UMOFX IB]

EUR/USD D1

Yesterday EUR/USD got a pull back from its resistance zone 1.3130 level. Today Bollinger bands are showing buy signals for the pair but as long resistance is not broken there are chances for further decline. So price action on 1.3130 level should be handle carefully. If EUR/USD manage to break this level then pair will further move up and target 1.3170 level.
On the other hand, If pair didn’t manage to overcome its resistance level then, it will indicate bearish strength for EUR/USD and pair will rapidly dropped southward.
High impact News can affect the movement of EUR/USD. News like Unemployment Claims.

GBP/USD D1

The outlook for the cable is bullish. Pair will target 1.5390 level today. Bollinger bands are also showing buy signals for GBP/USD. If pair manage to break through its resistance and give a day closure above 1.5400 level then it will open gate towards north and Cable will continue its uppish trend.
High impact News can effect he tend of GBP/USD. News like Unemployment Claims.

AUD/USD D1

Yesterday Aussies break its resistance and move up to 50 pips. The outlook for the pair is bullish. Pair will face its resistance at 1.0550 level. Price action on this level should be carefully watch. If AUD/USD manage to break its resistance and H4 candle close above 1.0550 level, it will indicate more bullish strength and pair will further move up and target 1.0600 level.
On the contrary, If AUD didn’t manage to break its resistance and H4 candle close below support level 1.0493 level then pair will start moving southward.
High impact News can affect the move of AUD/USD. News like Unemployment Claims.

USD/CHF D1

The price is now ranging from 0.9290-0.9380 level. Bollinger bands are providing sell signals for the pair. USD/CHF will face its support at 0.9290 level today. Price action on this level should be carefully watch. If USD/CHF manage to breakthrough this level and H4 candle close below 0.9290 level then pair will further fall towards southward.
The scenario will be vanished, If USD/CHF hold its support level 0.9290 level and H4 candle close above support level, it will provide bullish potential to the pair and USD/CHF will then move up and target its resistance at 0.9380 level.
High impact News of USD can affect the pair. News like Unemployment Claims.

11 April 2013

 

[UMOFX IB]

EUR/USD D1

EUR/USD got bullish in London session yesterday and target 1.3136 level. The resistance is at 1.3143 level. Now the outlook for the pair is bearish. Today EUR/USD will target its support at 13042 level. If pair manage to break this level and give a day closure below support then pair will further dropped towards south.
On the other hand, If EUR manage to hold its support level and give a day closure above 1.3145 level then it will indicate strong bullish strength and pair will then move further upward.
High impact News can affect the movement of EUR/USD. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

GBP/USD D1

Yesterday Cable got bullish and target up to 90 pips. Today pair will test its support at 1.5360 level. Price action on this level should be carefully watch. If GBP/USD manage to break its support and H4 candle close below 1.5360 it will indicate bearish strength for the pair and GBP/USD will then rapidly dropped towards south.
The scenario can be vanished. If GBP/USD manage to hold its support level and give a day closure above 1.5360 then pair will continue its bullish trend.
High impact Data’s can affect the move of pair. Data’s like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

AUD/USD H4

Yesterday Aussies manage to break its resistance 1.0547 and target around 35 pips. Now the resistance is at 1.0580 level. As the price is at last Bollinger showing oversold of AUD/USD. SO, there can be correction and pair will move down to test its support 1.0493 level.
Price action on this level should be carefully handle. If AUD/USD mange to break this level and H4 candle close below support then pair will further dropped towards south. On the contrary, If pair hold its support level and H4 candle close above 1.0493 level, it will indicate bullish potential and pair will again continue its uppish trend.
High impact News can change the scenario. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

USD/CHF D1

USD/CHF got a support from 0.9290 level. Pair will face its resistance at 0.9340 level. If pair manage to break this level then next target will be 0.9380 resistance. Bollinger bands are showing buy signals for USD/CHF. If pair manage to break through 0.9380 level and give a day closure above 0.9380 then pair will further move up towards north.
High impact News of USD can affect the pair. News like Core Retail Sales m/m, PPI m/m, Retail Sales m/m, Prelim UoM Consumer Sentiment, Fed Chairman Bernanke Speaks.

12 April 2013

 

[UMOFX IB]

EUR/USD D1

Last Friday EUR/USD break its support 1.3042 but H4 candle close above support level and pair start moving upward. Today pair is again in a mood to test its support 1.3042 level. Price action on this level should be carefully watch. If EUR/ USD manage to break its support and H4 candle close below this level then pair will continue its bearish strength and target 1.2990 level. On the other hand, If EUR/USD manage to hold its support level then pair will get bullish strength and it will then target 1.3143 which is daily resistance.

GBP/USD D1

GBP/USD didnt manage to overcome its physical level 1.5400 and dropped towards south. We are expecting pair to continue its bearish trend and target 1.5260 level. Price action on this level should be carefully watch. If pair manage to hold 1.5260 level and H4 candle close above support level then it will indicate bulls are ready to take pair again towards 1.5400 level. The scenario will be vanished, if cable didnt manage to hold its support level and H4 candle close below 1.5260 level. GBP/USD will then dropped rapidly towards south.

AUD/USD H4

Aussies get a strong pull back from 1.0580 level. Now pair is testing its support around 1.0390 level. Bollinger bands are showing sell signals for the pair. If AUD/USD manage to break through its support level and H4 candle close below 1.0390 then it will be indication of more bearish strength and pair will further move towards southward.
The scenario can be change, If AUD/USD manage to hold its support level and H4 candle close above 1.0400 level then pair will start moving towards north and target 1.0525 level.

USD/CHF D1

USD/CHF is in bullish mood today. Pair will test its resistance at 0.9340 level. Bollinger bands are providing buy signals for the pair. If pair manage to break this level and H4 candle close above 0.9340 then USD/CHF will continue its uppish trend. On the contrary, if pair didnt manage to overcome its resistance then pair will dropped towards southward.

15 April 2013

 

[UMOFX IB]

EUR/USD D1

EUR/USD is currently testing its resistance at 1.3143 level. Bollinger bands are showing buy signals for the pair but as long pair remain under 1.3170 level it will get pull back. Now if pair manage to break its resistance 1.3143 then it will target 1.3170 level. Price action on both level should be carefully watch. If closure H4 is below resistance level then EUR/USD will rapidly fall towards its support 1.3008 level.
On the other hand, If EUR manage to break through its resistance and give a day closure above 1.3170 level, it will give more bullish strength to pair and EUR/USD will then further move upward.
High impact News can affect the movement of pair. News like Building Permits, Core CPI m/m., ECB President Draghi Speaks.

GBP/USD D1

Cable got resist from 1.5411 level on last Friday. The outlook is bullish above 1.5260 level. GBP/USD is expected to move up and test its resistance at 1.5360 level. Price action on this level should be carefully handle. If cable breakthrough this level then its next target will be 1.5430 level.
The scenario will be vanished, if pair didnt hold its support and H4 candle closure below 1.5260 it will then open gate towards south.
High impact News can effect the move of GBP/USD. News like Building Permits, Core CPI m/m.

AUD/USD H4

Yesterday Aussies got support from 1.0290 level and now pair will face its resistance at 1.0407 level. Bollinger bands are providing buy signals for AUD/USD. If pair manage to break 1.0407 level and H4 candle close above resistance level then AUD will continue its uppish trend. On the contrary, if AUD/USD didnt manage to break its resistance and H4 candle close below 1.0390 level then it will indicate pair got bearish strength and AUD/USD will then start moving towards southward.
High impact News can affect the trend of pair. News like Building Permits, Core CPI m/m.

USD/CAD D1

The outlook for the pair is bearish for today. USD/CAD will test its support at 1.0280 level. Bollinger bands are also showing sell signals for the pair. If pair manage to break its support level and H4 candle close below 1.0180 level it will further allow pair to dropped towards south. On the contrary, If USD/CAD manage to hold its support and give a day closure above its support level then pair will gain bullish strength and target will be 1.0280 level.
High impact News of USD can change the scenario. News like Building Permits, Core CPI m/m.

16 April 2013

 

[UMOFX IB]

EUR/USD D1

In late session EUR/USD break 1.3170 level and manage to give a day closure above this level. Now Pair is expected to continue its bullish trend and test its next resistance at 1.3240 level. Bollinger bands are showing buy signals for the pair. If EUR/USD manage to break through this level and H4 candle close above resistance level then it will take EUR further toward north.
The scenario can be change, If EUR/USD didn’t manage to hold its support 1.3140 level and H4 candle closure below this level. It will then indicate bearish strength and pair will fall and target 1.3050 level.

GBP/USD D1

GBP/USD move up in New York session and target 1.5360 level but pair didn’t manage to overcome 1.5360 level so expected is cable will now first move down and test its support 1.5260 level. On the other hand, If pair manage to overcome its resistance and H4 candle closure above 1.5360 then it will allow GBP/USD to more upward and target 1.5430-50 level respectively.
High impact News of GBP can Effect the movement of Cable. News like Claimant Count Change, MPC Meeting Minutes.

AUD/USD D1

Yesterday AUD/USD got a good support from 1.0290 level and target 100 pips. Now the key level is 1.0390 which will act as daily resistance. Price action on this level should be carefully watch. If AUD/USD manage to break this level and H4 candle close above 1.0390 then pair will further move towards north.
On the contrary, If AUD fails to break its resistance and H4 candle close below 1.0390 level then pair will again start moving down ward and target 1.0290-250 level respectively.

USD/CAD D1

USD/CAD manage to hold its physical level 1.0200. Now pair is expected to move up and test its resistance at 1.0290 level. Price action on this level should be carefully watch. If pair manage to break through its resistance then it will allow USD/CAD to further move upward. But if price close below 1.0290 level, it will be indication of bearish strength and provide a valid sell entry.
High impact News of CAD can affect the move of pair. News like BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, BOC Press Conference.

17 April 2013

 

[UMOFX IB]

EUR/USD D1

After getting a strong pull back from 1.3200 level, EUR/USD dropped upto 200 pips yesterday. Now the outlook for the pair is bearish. EUR/USD is expected to first go up and test its resistance at 1.3140 level and then fall back. Price action on 1.3140 level should be carefully watch. If pair break through its resistance and H4 candle closure above this level then pair will further move upward.
On the contrary, If closure H4 below resistance level, it will then indication of bearish potential and EUR/USD will fall rapidly towards 1.3000 level.
High impact News can affect the move of EUR/USD. News like Unemployment Claims, Philly Fed Manufacturing Index.

GBP/USD D1

Yesterday GBP/USD didn’t manage to break its close above its resistance 1.5360 level and fall towards south. Now we are expecting pair to first move up and test its resistance at 1.5340 level. Price action on this level should be handle carefully.
If Cable manage to break this level and H4 candle close above 1.5360 then GBP/USD will target 1.5430 level. On the other hand, if pair didn’t manage to break 1.5340 level and closure H4 below resistance then pair will start falling towards 1.5215 level.
High impact News can affect the trend of pair. News like Unemployment Claims, Philly Fed Manufacturing Index, Retail Sales m/m.

AUD/USD D1

Yesterday Aussies got bearish strength and target its support 1.0290 level. Now the outlook is bullish for the pair. AUD/USD manage to overcome its support and day closure is above 1.0290 support level. So pair is expected to move up today and target again 1.0390 level.
The scenario will be vanished, if AUD/USD didn’t manage to hold its support level and H4 candle closure below 1.0290 level. It will then allow pair to continue its bearish trend and will target 1.0220 level.
High impact News can affect the movement of pair. News like Unemployment Claims, Philly Fed Manufacturing Index.

USD/CAD D1

USD/CAD have daily resistance at 1.0290 level. Pair is expected to move down and test its support again at 1.0211 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0211 then pair will continue its uppish trend. But if USD/CAD fails to give a H4 closure above 1.0211 level, then it will allow pair to further dropped towards south.
High impact News of USD can affect the pair. News like Unemployment Claims, Philly Fed Manufacturing Index.

18 April 2013

 

[UMOFX IB]

EUR/USD D1

EUR/USD will face its support at 1.2990 level today. Bollinger bands are providing sell signals for the pair. If pair manage to break through its support level and H4 candle close below 1.2990 level then it will indicate EUR got more bearish potential which will take pair towards 1.2920 level.
The scenario can be vanished. If pair manage to break its resistance 1.3040 level and H4 candle close above it, then pair will again move upward and target 1.3200 level.
High impact News can affect the movement of EUR/USD. News like Existing Home Sales.

GBP/USD D1

The Cable is expected to test its support 1.5190 level today. Bollinger bands are also showing sell signals for GBP/USD. Price action on 1.5190 level should be handle carefully. If GBP/USD break its support and H4 candle close below 1.5190 level then it will open gate towards south and cable will then target 1.5135-100 level respectively.
On the other hand, Break of resistance 1.5260 level will provide bullish strength to GBP/USD and pair will move up and target north.
High impact News can affect the Trend of EUR/USD. News like Existing Home Sales.

AUD/USD D1

The outlook for the pair is bearish for today. AUD/USD will test its support at 1.0260 level. Price action on this level should be watch. If Aussies manage to break through 1.0260 level and H4 candle closure below support then it will allow pair to continue its bearish trend.
On the contrary. If pair manage to hold its support level and closure H4 above 1.0260 level then it will indicate pair got support and AUD/USD will then start moving towards northward.
High impact News can change the scenario. News like Existing Home Sales.

USD/CAD D1

USD/CAD is trading in a range of 1.0200-0290 level. Break of any level will clear the trend. If USD/CAD manage to break 1.0290 level and H4 candle close above resistance then USD/CAD will gain bullish strength and continue its uppish trend. But if pair fails to overcome its 1.0290 level then pair will start moving southward and target 1.0200 level.
High impact News of USD can affect USD/CAD. News like Existing Home Sales.

22 April 2013

 

[UMOFX IB]

EUR/USD D1

The outlook for the pair is bearish for today. EUR/USD will test its support at 1.2994 level. Break of support and H4 closure will provide more bearish strength to pair and EUR/USD will fall towards south and target then 1.2920 level. On the other hand, If pair hold its support level and H4 candle close above 1.3000 then it will indicate bullish strength and EUR/USD will then continue its uppish trend.
High impact News can affect the movement of EUR/USD. News like French Flash Manufacturing PMI, German Flash Manufacturing PMI, New Home Sales.

GBP/USD D1

The outlook remain bearish for GBP/USD. Today cable will test its support level 1.5186 level. Price action on this level should be watch. If pair breakthrough this level and H4 closure below 1.5186 then pair will rapidly dropped towards 1.5120 level. On the contrary, If GBP/USD manage to hold its support level and H4 closure above support level then pair will start moving towards north.
High impact Data can affect the pair. Data like New Home Sales.

AUD/USD D1

Aussies is under pressure. Pair will test its support at 1.0188 level. Bollinger bands are also showing sell signals for the pair. Price action on this level should be carefully watch. If AUD/USD manage to hold its support level and H4 candle close above 1.0188 level then pair will gain bullish strength, which will allow AUD to move upward.
The scenario can be change, If AUD didnt manage to hold its support level and H4 closure below 1.0288 then pair will rapidly dropped towards south and target 1.0140 level.
High impact News can affect the move of AUD/USD. News like New Home Sales, CPI q/q.

USD/CAD D1

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario.
First, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.
On the other hand, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.
High impact News of USD can affect the trend of USD/CAD. News like New Home Sales, Core Retail Sales m/m, BOC Gov Carney Speaks.

23 April 2013

 

[UMOFX IB]

EUR/USD D1

The outlook for EUR/USD is bearish for today. Bollinger bands are also providing sell signals for the pair. Today EUR/USD will test its support at 1.2950 level. If EUR/USD manage to break this level and H4 candle closure below 1.2950 level then it will show more bearish potential and EUR/USD will then fall towards south and target 1.2900 level.
On the other hand. If pair manage to overcome its physical level and H4 candle closure above 1.3000 level then EUR/USD will start moving upward and target 1.3070 level. Break of 1.3070 level will further allow pair to move northward and target 1.3140 level respectively.
High impact News of EUR can affect the move of pair. News like German Ifo Business Climate.

GBP/USD D1

GBP/USD is not showing clear trend. But on the long term we are expecting GBP/USD to remain bullish. Todays resistance is around 1.5315 level. If pair manage to break through its resistance and H4 closure above 1.5315 level then cable will continue its uppish trend and will target 1.5400 level.
The scenario will be vanished. If GBP/USD didnt hold its support 1.5190 level, it will then allow pair to dropped towards south and target 1.5150-100 level respectively.

AUD/USD D1

Pair is expected to move up today and test its resistance at 1.0290 level. Bollinger bands are not showing clear signals due to oversold of AUD/USD. Todays support is at 1.0224 level. Price action on this level should be carefully watch.
There will be two scenarios. First, If pair manage to hold its support and H4 candle closure above 1.0224 level then it will indicate bullish strength and AUD/USD will move towards northward. Secondly, If Aussies fails to hold its support level and H4 closure below 1.0224 level then it will indicate pair got bearish strength and provide a valid sell entry.
High impact News can affect the movement of AUD/USD. News like Core Durable Goods Orders m/m.

USD/CAD D1

USD/CAD is trading in a small range of 1.0200-90 level. Break of any level will clear the trend for the USD/CAD. There can be two scenario. First, If USD/CAD manage to break through its resistance and H4 candle close above 1.0290 level then it will provide a valid buy entry for the pair.
On the other hand, If pair fails to break 1.0290 level and H4 candle close below this level then it will indicate bearish strength and provide a valid sell entry.
High impact News can effect the trend of USD/CAD. News like BOC Gov Carney Speaks.

24 April 2013

 

[UMOFX IB]

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