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23mar22

USDCAD- 23Mar2022USDCAD- 23Mar2022 On the daily, price broke below 200MA + ascending trendline though w/o any confirmation yet. With daily Stochastic oversold and at support, we could expect a short-term bounce for USDCAD. On the H4, price is still at confluence Fib support around 1.25915. It is oversold and due for a short term bounce. With H4 Stochastic indicating negative bullish divergence, we could expect USDCAD to have a short-term bounce to at least 1st Resistance at 1.26520. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
GBPUSD- 23Mar2022GBPUSD- 23Mar2022 On the daily, GBPUSD is bouncing back above the 20EMA. Will have to wait and see whether today's can confirm above the 20EMA. On the H4, price has broken out of Inv H&S neckline at 1.31935 with a potential upside target to around 1.33970. Currently price is at Stochastic resistance, hence it could potentially pull back to neckline at 1.31935 before bouncing up higher. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS