USDCAD- 03Feb2022USDCAD- 03Feb2022
On the H4, price is at Fib confluence support. With the macro factor oil price action indicating a possible short-term top, we need to be cautious that it would result in USDCAD having a bounce higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
03feb22
EURUSD- 03Feb2022EURUSD- 03Feb2022
On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback.
On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 03Feb2022GBPUSD- 03Feb2022
On the weekly, price is bouncing back above the 20EMA. On the daily, price managed to bounce back above 20EMA, 50MA and descending trendline. Price looks like it could bounce higher to retest 1.3700 level in the near future.
On the H4, price is nearing 61.8% Fib resistance. With Stochastic at resistance, price could bounce up to 1.36000 before facing bearish pressure for a short-term pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Feb2022USDINR - 03Feb2022
On the H4, price invalidated the previous inverse h&s after price dropped and closed below the neckline. However, USDINR could still have further upside due to its higher time frame bullish momentum.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 03Feb2022DXY - 03Feb2022
On the daily, price is at 20EMA & 50MA support. We could expect a short-term bounce here
On the H4, price dropped to 200MA and Fib confluence support. With Stochastic currently at horizontal overlap support, we could potentially expect the price to bounce to 1st Support at 96.430.
This is for personal record purposes only, not financial advise or solicitation of trade.