USDCAD- 08Mar2022 On the H4, price once again bounce above the channel. Price action is mixed for now but if price can close above 1st Resistance, we could expect further upside to 2nd Resistance at 1.2900. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 08Mar2022 On the H4, price is nearing 1st Resistance at 14.600. We will have to wait and see how price react at this level. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 08Mar2022 On the weekly/daily, EURUSD closed below 78.6% Fib support at 1.1007. We could expect price to resume further downside to double bottom around 1.0636. On the H4, price is finding some demand at 1.086 area. As Stochastic has room for downside before support, we could expect EURUSD to drop further to 1st Support at 1.07485. This is for personal...
GBPUSD- 08Mar2022 On the weekly, GBP dropped to 200MA support. On the daily, price broke below previous lows at 1.3180 pending confirmation. If price follow through and close today, we could expect price to go lower in the near term. On the H4, price is nearing previous triangle breakdown target at around 1.30500. Price could potentially drop to this level...
USDINR - 08Mar2022 On the daily, price has gapped up above the upper channel to 1st Resistance at 77.1605. With Stochastic at resistance, we could expect short-term pullback. On the H4, gapped up to 1st Resistance at 77.150 which is also 127.2% Fib resistance. With Stochastic at resistance, we could expect price to pullback to 1st Support at 76.28. This is for...
USDMYR - 08Mar2022 On the H8, price gapped up higher from the demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 08Mar2022 On the daily, price is both at upper channel and Stochastic resistance. On the H4, price action is indicating complex correction of wave count of (5)-(IV). Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. But for today with Stochastic at resistance, we could expect price...
USDPHP - 08Mar2022 On the daily, USDPHP surged and closed above the channel. With Stochastic at resistance, we could expect to have a short-term pullback. On the H4, price is facing bearish pressure at the 1st Resistance of 52.35. With Stochastic also at resistance, we could expect the price to have a short-term pull back to 1st Support at 51.93. This is for...
USDCAD- 07Mar2022 Technically, USDCAD price action is very mixed due to its bearish price action on the monthly time frame but bullish on the weekly and daily time frame. With the added mix of Russia-Ukraine political situation that caused oil price huge fluctuation and BOC raising its interest rate from 0.25% to 0.5%. On the daily, price only manage to close...
USDTRY- 07Mar2022 On the weekly, price closed near the resistance at 14.23. Once price can close above 14.23, we could expect further upside for USDTRY. On the H4, price is gradually bouncing back near the pivot at 14.23. Once it can close above this level, we could expect it to bounce back and retest 1st Resistance at 14.600. This is for personal record...
EURUSD- 07Mar2022 On the weekly, last week candle gapped down then faced bearish pressure after bouncing back to retest the gap. The price broke below the channel and closed lower than the previous week's candle. We could expect price to face further bearish pressure to 1st Support at 1.07480. On the H4, EURUSD faced extreme bearish pressure last Friday due to...
GBPUSD- 07Mar2022 On the weekly, GBPUSD bounced and faced bearish pressure from the trendline resistance. It closed below previous week's low. In the bigger picture, price is trending down in a channel. For this week, we could expect price to drop to test 200MA at around 1.31180. On the H4, GBP broke down from the triangle pattern with further downside target to...
USDINR - 07Mar2022 On the weekly, price is surging up to its upper trendline resistance. We could expect it to reach its weekly resistance at 76.57 next week. On the H4, price surged above the minor parallel channel and faced bearish pressure around previous highs at 76.42. With Stochastic at resistance, we could expect USDINR to pull back to 23.6% Fib support...
USDMYR - 07Mar2022 On the weekly, USDMYR is pulling back to 50MA support at 4.1705. We could expect price to have a short term bounce from here. On the H8, price has dropped back to previous demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835. This is for personal record purposes only, not...
USDPHP - 07Mar2022 On the daily, USDPHP has surged above trendline and 1st resistance at 52.06 since it closed above previous horizontal overlap resistance at 51.52. On the H4, price faced bearish pressure from 1st Resistance at 52.06. With Stochastic at resistance, we could expect price to pullback to 1st Support at 51.72. This is for personal record purposes...
DXY - 07Mar2022 On the weekly, DXY surged all the way up to 98.870 after the geo-political event intensifies and market participants flee into USD as safe-heaven. It is now at upper channel resistance, we could expect a price to have a short-term pull or consolidate next week. On the H4, price has surged past its triangle breakout target around 98.42 to highest...
USDCAD- 04Mar2022 On the H4, price is having a dead cat bounce from the lower parallel channel. As some significant support has been broken yesterday, we could expect USDCAD to face strong bearish pressure from 1st Resistance at 1.27320. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 04Mar2022 Today would be crucial for USDTRY. If price can close above 14.23 on the weekly, we could expect USDTRY to bounce higher next week. On the H4, price is consolidating near the 14.125. We could expect price to at least bounce to resistance at 14.30. Then will need to monitor whether price can hold this level or not. This is for personal record...