DXY - 22Feb2022 On the daily, price bounce back and closed with a spinning top candle. There seems to be a good demand around the 95.75 level. On the H4, price is looking to bounce back to gap fill + 1st Resistance at 96.365. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 21Feb2022 On the H4, price once again faced strong bearish pressure from the upper channel and is now pulling back. So far price is gyrating within this channel with no clear directional movements. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 21Feb2022 On the weekly, this week will be the 8th week that USDTRY is consolidating sideways. If it fails to breakout this week, we could expect it to drop back to 20EMA at 20.45 On the H4, price is once again testing the pivot at 13.620. As it have broke out of triangle pattern on H4, we could potentially expect price to bounce higher to 2nd Resistance...
EURUSD- 21Feb2022 After the last 2 weeks of selling, EURUSD found support from the descending trendline last Friday. It has been bouncing higher today. If EURUSD can bounce higher these 2 days, we could expect it to bounce higher to 1st Resistance at 1.14990. On the H4, price is facing bearish pressure from the 50MA and trendline resistance. If EURUSD can bounce...
GBPUSD- 21Feb2022 On the daily, price is bouncing higher after last Friday's price action lower. It is definitely looking to bounce higher and retest the 200MA at 1.36830 in the near future. On the H4, price rebounded back above the descending trendline after price action failed to close below. In accordance with the daily time frame, we could expect GBPUSD to...
DXY - 21Feb2022 On the daily, last week's price action was just consolidating sideways as options expiration took place. Will need to wait out for further clarification. On the H4, price faced bearish pressure from the 61.8% Fib resistance at 96.15. It is expected to face further bearish pressure if price bounce up higher to 78.6% Fib resistance + small gap fill...
USDCAD- 18Feb2022 On the H4, USDCAD once again bounce higher from the demand zone around 1st Support at 1.26800. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it...
USDTRY- 18Feb2022 On the H4, price once again faced bearish pressure from the pivot at 13.620. After numerous times of failure to close above 13.620, we could potentially expect it to drop and retest support at 13.325. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 18Feb2022 On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline. It could have further upside once it clears the H4 & H1 resistance. On the H4, price faced bearish pressure from the ascending trendline + 50MA and dropped. Price was able to bounce back and is now consolidating. Price is mixed for now but In order...
GBPUSD- 18Feb2022 On the daily, price definitely wants to retest the 200MA at 1.3688 in the near future. On the H4, price bounced back above the long-term descending trendline. As H1 Stochastic is also coming into support, we could expect price to find demand from the trendline and 1st Support at 1.36020 for further upside to 1st Resistance at 1.36645. This is...
USDINR - 18Feb2022 On the H4, price had a minor bounce back to 1st Resistance at 75.23 from the ascending trendline. As long as price is above the long-term ascending trendline, we could expect price to bounce back higher. If price close below the ascending trendline, price may want to retest the 200MA at 74.60 area before bouncing higher. This is for personal...
USDCAD- 17Feb2022 On the H4, USDCAD once again faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below...
USDTRY- 17Feb2022 On the H4, price once again flirted with the pivot level at 13.620 before dropping back down. With current price action above all 3MAs + the upper trendline wedge , we could expect it to bounce higher to 1st resistance at 14.035. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 17Feb2022 On the daily, price once again closed above 20EMA, 50MAs and the long-term descending trendline. On the H4, price is facing bearish pressure from the ascending trendline + 50MA. Price action is mixed for now. For further upside potential, price would need to close above 1st Resistance at 1.14130. This is for personal record purposes only, not...
GBPUSD- 17Feb2022 On the daily, price have rebounded above 20EMA and descending trendline on the back of higher than expected UK CPI data. Price looks like it wants to bounce higher to retest the 200MA at 1.3688. On the H4, price flirted with the descending trendline once again before facing bearish pressure and closed lower. In order to have further bullish...
USDINR - 17Feb2022 On the H4, price is coming into ascending trendline + 1st Support at 74.91. With Stochastic also at support, we could expect price to rebound back to 1st Resistance at 75.2300. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 17Feb2022 On the H4, DXY have pulled back lower after the FOMC minutes. Price action is mixed now as market participants looks to digest the FOMC minutes and awaits US unemployment claims later tonight. At the same time, G20 meeting is commencing today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 17Feb2022 On the H4, price was range-bound between 51.22-51.40 last few days. Price action is mixed for now. If price drops below 1st Support at 51.22, we could expect a short-term drop to next support at 51.10. If price bounces higher, it would face bearish pressure at 51.47 resistance. This is for personal record purposes only, not financial advise or...