USDTRY- 17Nov2021USDTRY- 17Nov2021
On the monthly timeframe, USDTRY is in unchartered territory.
We could expect further upside till end of Nov21
On the H4 timeframe, we could expect USDTRY to break 1st Resistance and surge to 2nd Resistance at 10.81482.
This is for personal record purposes only, not financial advise or solicitation of trade.
17nov21
EURUSD- 17Nov2021EURUSD- 17Nov2021
On the H4 timeframe, EURUSD continue to drop on the back of stronger US dollar. It may hit its weekly h&s target by this week. Even though Stochastic is at support level, we could expect the price to continue dropping to 1st Support at 1.12490 today
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Nov2021USDINR - 17Nov2021
On the H4 timeframe, prices are facing bearish pressure from the descending trendline. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 17Nov2021USDMYR - 17Nov2021
USDMYR is bouncing back after oil price pull back from their highs.
On the H8 timeframe, price broke above potential inverse h&s neckline will need to monitor tomorrow whether the price action follows through.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 17Nov2021DXY - 17Nov2021
On the weekly, price surged pass 200MA like a hot knife through butter. We could potentially expect DXY to reach its H&S target at 96.72 this week.
On the H4 time frame, price is at upper channel resistance. Even though Stochastic is at resistance level, it is expected to break above it and continue its bullish momentum to 1st Resistance at 96.15. It also manage to close above important 95.50 level where it could provide strong support in the future.
This is for personal record purposes only, not financial advise or solicitation of trade.