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31jan22

EURUSD- 31Jan2022EURUSD- 31Jan2022 On the weekly, EURUSD made a lower lows from the Nov21. On the daily, price have not confirmed below the previous lows. With Stochastic at oversold condition, we could expect a relief bounce today. On the H4, price is at Fib confluence support and there could be a distribution going on. With Stochastic at horizontal support, we could expect a short-term bounce potentially to 1st Resistance at 1.12070 today. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
GBPUSD- 31Jan2022GBPUSD- 31Jan2022 On the weekly, price dropped back below 20EMA and 50MA. On the daily, price did not confirmed below 50MA but Stochastic is currently in oversold condition. On the H4, price is bouncing back near to the neckline. It could be playing out h&s with downside target of around 1.31260. But for today with RSI forming negative bullish divergence, price could have a dead cat bounce to the neckline resistance at 1.34500 before dropping lower. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS