USDPHP - 27Oct2021 On the H4 timeframe, price broke out of triangle pattern and just retested the apex of the triangle. We could expect further upside for USDPHP in the coming days. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 26Oct2021 Very volatile USDPHP price action this morning. On Daily time frame, it have dropped to 1st Support early morning. On the H4 timeframe, price broke out of triangle pattern and just retested the apex of the triangle. We could expect further upside for USDPHP in the coming days. This is for personal record purposes only, not financial advise or...
USDPHP - 25Oct2021 On the daily/weekly timeframe, price are still consolidating sideways. Bullish momentum still in tact. On the H4 timeframe, price is still consolidating within a pennant. Will need to wait and see which direction it will break out. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 22Oct2021 On the H4 timeframe, price is consolidating near the end of a pennant , will need to wait and see which direction it will break out. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 21Oct2021 On the H4 timeframe, price remained range-bound but the bigger time remain bullish . Today is expected to be more of neutral to slight upside bias. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 20Oct2021 On the H4 timeframe, price remained range-bound but the bigger time remain bullish. Today is expected to be more of neutral to slight upside bias. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 19Oct2021 On the H4 timeframe, price is at resistance. With the DXY weakness, we can expect it to pullback to 1st Support at 50.63. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 18Oct2021 On the H4 timeframe, price swung towards resistance indicating bullish momentum. For today, remain neutral with slight bullish bias as we start the trading week. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 15Oct2021 On H4, price dropped to support yesterday. For today, price could bounce intraday towards 1st Resistance before dropping to 1st Support. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 14Oct2021 On H4, price dropped to support yesterday. For today, price could bounce intraday towards 1st Resistance before dropping to 1st Support. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 13Oct2021 On H4, USDPHP is still hanging onto support from the MAs while facing resistance from the descending trendline resistance. A short term bounce to 50.83 before continuing to pull back to 50.54. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 12Oct2021 On H4, USDPHP is consolidating at descending trendline, closely monitoring to see whether it can close above. If it close above, it will swing towards 1st Resistance. Failing to, will drop to 1st Support This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 11Oct2021 On H4, USDPHP is consolidating at previous breakdown level, we could expect it to drop to retest 1st Support. Stochastic is also indicating bearish momentum. There is also a slight possibility for the price to retest weekly 1st Support at 49.72 this week. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 08Oct2021 USDPHP plunged yesterday and found support at 50.21. We could expect it to retest 1st Resistance at 50.57 before dropping back down to retest 1st Support again at 50.21. We could expect further downside in USDPHP until RSI come into support at around 37.28 This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 07Oct2021 USDMYR have limited upside and could face further bearish to 1st Support once it broke below the ascending trendline on the H4. This is for personal record purposes only
USDPHP - 07Oct2021 USDPHP faced bearish pressure from the descending trendline resistance, limited upside for today. We could expect it to have a short-term bounce again to descending trendline resistance and drop to 1st Support. This is for personal record purposes only
PHP continues to strengthen as weak demand for dollars in the country, lackluster import demand and continuing weakness in USD continues. >Downtrend Line continues to be respected >Trend Indicators remain weak >Next Support level seen at 47.90 - 48.00 levels
Pattern: Channel Down. Signal: (A) Buy as long as the 4 year Support holds. (B) Sell if it breaks. Target: (A) 50.00 (just below the Symmetrical Resistance). (B) 48.00 (the next Support level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **