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21mar22

USDCAD- 21Mar2022USDCAD- 21Mar2022 On the weekly, USDCAD seemed to have failed the bullish consolidation for the last 6 weeks and is now dropping lower. On the daily, price is at strong support with 200MA + ascending trendline support around 1.25870. On the H4, price is at confluence Fib support around 1.25915. It is oversold and due for a short term bounce. With H4 Stochastic and daily at support, we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26770. If price were to rebound back to 2nd Resistance at 1.27300, it is expected to face huge bearish pressure. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
EURUSD- 21Mar2022EURUSD- 21Mar2022 On the weekly, price had a bounce last week after failing to confirm below the channel on the previous week. On the daily, EURUSD is facing bearish pressure from the 20EMA. On the H4, price pulled back to strong support confluence area around 1.10010 with trendlines and 50MAs. If price action close below this area, we could expect EURUSD to pull back lower to 2nd Support at 1.09510. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS