GBPUSD- 13Oct2021GBPUSD- 13Oct2021
On H4, GBPUSD bounced from neckline trendline indicating inverse h&s still intact. Market structure have also changed to higher highs and higher lows. We could expect it to swing towards 1st Resistance at 1.37115.
If price close below neckline, inverse h&s would become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
13oct21
EURUSD- 13Oct2021EURUSD- 13Oct2021
On the H4 timeframe, price dropped to support and is now bouncing back. Stochastic is still forming negative bullish divergence on H4 and H8 for further dead cat bounce.
If price can close above 1st Resistance, there could be further upside potential.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 13Oct2021USDINR - 13Oct2021
On H4, USDINR swung towards strong 1st Resistance at 75.600. We could expect it to pullback to at least strong 2nd Support at 74.98.
Stochastic is also at resistance where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 13Oct2021DXY - 13Oct2021
On H4 time frame, price came into strong resistance and is now pulling back. Both Daily and H1 RSI is forming negative bearish divergence with lower highs while price action is making higher highs. We could expect it to pull back to at least 1st Support
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 13Oct2021USDPHP - 13Oct2021
On H4, USDPHP is still hanging onto support from the MAs while facing resistance from the descending trendline resistance. A short term bounce to 50.83 before continuing to pull back to 50.54.
This is for personal record purposes only, not financial advise or solicitation of trade.