USDCAD- 18Feb2022USDCAD- 18Feb2022
On the H4, USDCAD once again bounce higher from the demand zone around 1st Support at 1.26800. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
18feb22
USDTRY- 18Feb2022USDTRY- 18Feb2022
On the H4, price once again faced bearish pressure from the pivot at 13.620. After numerous times of failure to close above 13.620, we could potentially expect it to drop and retest support at 13.325.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 18Feb2022EURUSD- 18Feb2022
On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline. It could have further upside once it clears the H4 & H1 resistance.
On the H4, price faced bearish pressure from the ascending trendline + 50MA and dropped. Price was able to bounce back and is now consolidating. Price is mixed for now but In order to gain further bullish momentum like GBP, EURUSD have to clear all the resistance at 1.14130 for further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 18Feb2022GBPUSD- 18Feb2022
On the daily, price definitely wants to retest the 200MA at 1.3688 in the near future.
On the H4, price bounced back above the long-term descending trendline. As H1 Stochastic is also coming into support, we could expect price to find demand from the trendline and 1st Support at 1.36020 for further upside to 1st Resistance at 1.36645.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Feb2022USDINR - 18Feb2022
On the H4, price had a minor bounce back to 1st Resistance at 75.23 from the ascending trendline. As long as price is above the long-term ascending trendline, we could expect price to bounce back higher.
If price close below the ascending trendline, price may want to retest the 200MA at 74.60 area before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.