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27jan22

USDCAD- 27Jan2022USDCAD- 27Jan2022 On the daily, price bounced above descending trendline and is now approaching 50MA. If price can close above 50MA, we could expect it to bounce higher to next resistance at 1.27665. On the H4, price bounced and closed above neckline thus invalidating the h&s downside. It is now coming into 200MA which was last tested in 06Jan22. However, there are no signs of resistance for RSI nor Stochastic. As such, price may have a shallow pull back to 23.6% Fib support around 1.26500 before bouncing higher. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
DXY - 27Jan2022DXY - 27Jan2022 DXY reacted bullishly after the hawkish FOMC announcement as Feds look to raise interest rates as easy as Mar22. On the daily, price bounced back 2 MAs. We could possibly expect it to bounce back to retest previous highs around 96.720. On the H4, price is on bullish momentum above all 3MAs. Previous Stochastic negative divergence was not able to cause DXY to pull back. As a result, we could expect it to bounce higher to face previous Stochastic horizontal resistance. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXYLong
by TTMFS