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11apr22

DXY - 11Apr2022DXY - 11Apr2022 On the weekly, DXY tested the major 78.6% Fib resistance at 100.04 last week and face bearish pressure. If price close above 100.04, we could expect DXY to bounce and retest 31Mar20 highs at 102.90 On the H4, price action indicates last Wave 5 might be playing out. H4 Stochastic has came down from the resistance and H1 Stochastic still indicating negative bearish divergence. Indicators are signaling a possible pullback however price action still remain bullish for now. If DXY continues to surge higher, the Wave 5 count will be replaced with continual Wave 3 instead. This is for personal work record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS
USDPHP - 11Apr2022USDPHP - 11Apr2022 On the weekly, USDPHP bounced back strongly after dropping to 20EMA + 1st Support at 51.17. If price can close back above 78.6% Fib resistance at 52.24, we could expect price to retest the recent highs. On the H4, price is bouncing back above the 200MA and is now at 1st Resistance. We could expect price to face bearish pressure at current level and wait out to see whether it will bounce back to retest resistance at 52.25. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
Short
by TTMFS