EURUSD- 18Oct2021EURUSD- 18Oct2021
On weekly, EURUSD had a dead-cat bounce last week.
On the H4, price is currently at previous breakout support. We could expect it to find support and bounce further up to 1st Resistance. The target for double bottom to the upside is around 1.16450.
This is for personal record purposes only, not financial advise or solicitation of trade.
18oct21
GBPUSD- 18Oct2021GBPUSD- 18Oct2021
On daily time frame, GBPUSD is at resistance. We could expect it to pull back to 1st Support at 1.36895.
On H4, price is expected to pullback to at least 1st Support before continuing it inv h&s upside. Stochastic is also at horizontal resistance level where previous drops occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Oct2021USDINR - 18Oct2021
On weekly timeframe, price broke out of descending trendline and swung towards 1st Resistance before pullback below 23.6% Fib retracement support but was not able to confirm above. We could expect a short-term bounce before a deeper pullback this week.
On the H4 timeframe, prices held support. We could expect a short-term bounce to 1st Resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 18Oct2021DXY - 18Oct2021
On H4 time frame, price have not pulled back to retest previous low at 93.80. It is consolidating just below 94.00, today will be neutral to slight bullish bias as we start the week.
This is for personal record purposes only, not financial advise or solicitation of trade.