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25apr22

USDCAD- 25Apr2022USDCAD- 25Apr2022 On the daily, USDCAD bounced and closed back above the ascending trendline on the back of strong USD and oil price pulling back but it has yet to confirm further upside. It is currently at Ichimoku + 1st Resistance at 1.27315. If price can confirm above the ascending trendline today, daily triangle target downside will be invalidated. On the H4, price might have potentially broke above the triangle pattern for further upside target to around 1.28600. However further upside could be limited today as both H4 RSI & Stochastic are at resistance. Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
by TTMFS
GBPUSD- 25Apr2022GBPUSD- 25Apr2022 On the weekly, GBPUSD has been moving lower after it has confirmed below 200MA. On the daily, GBPUSD broke major support at 1.3000 last Friday. With such bearish momentum, price could potentially drop lower today to gap fill support at 1.27410. On the H4, bearish momentum is strong and we could potentially expect it to continue lower to 1st Support + gap fill around 1.27320 - 1.27410. Also noting H4 RSI and Stochastic are at support. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDMYR - 25Apr2022USDMYR - 25Apr2022 On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance. On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe, USDMYR is expected to face bearish pressure once it achieve its triangle upside target at around 4.3500 Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
DXY - 25Apr2022DXY - 25Apr2022 On the weekly, DXY has been closing higher for the last 3 weeks. Daily RSI also have bounced above previous horizontal resistance at around 69.83 and could potentially be bouncing higher to next resistance at 86.77. This could take price to descending trendline resistance around 102.325. On the H4, wave count is once again revised as price continue to bounce higher. We will need to wait out for further indication on when this Wave 5 will end. H4 Stochastic is at resistance hence there could be limited upside for the short term. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS