USDCAD- 16Feb2022 On the H4, not many surprises for yesterday's price action. It faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is range-bound for the time being. For further upside to take place, USDCAD has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have...
USDTRY- 16Feb2022 On the H4, price flirted just above 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- 16Feb2022 On the daily, price bounced found support at the long-term descending trendline. On the H4, price rebounded quickly after dropping to 1.1330 area. Now it is still facing bearish pressure from the resistance at 1.3620. With FOMC minutes releasing later today, we will just have to wait out to see the market reactions. This is for personal record...
GBPUSD- 16Feb2022 On the H4, price was once again met with strong demand after it dropped to the support level at 1.3500. Price is now fluctuating between the 3 MAs. With UK CPI and FOMC minutes releasing later today, we will just have to wait out to see the market reactions. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 16Feb2022 On the H4, price has pulled back from confluence Fib resistances at 96.39. FOMC minutes will be released later today, we will just have to wait and find out how the market reacts to it. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 16Feb2022 On the H4, price once again dropped and met demand around the 51.22 area yesterday. Price action is mixed for today between 51.22 - 51.47. In order for USDPHP to continue its daily uptrend, price needs to bounce above 51.47. Dropping below 51.22 will result in USDPHP to pull back short term to 2nd Support at 51.10. This is for personal record...
USDTRY- 15Feb2022 On the H4, price is climbing higher after breaking the upper trendline wedge. If the price can close above long-term pivot at 13.620, we could expect it to easily bounce higher to 2nd resistance at 14.285. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 15Feb2022 On the daily, price dropped below 20EMA and 50MA. It found support from the long-term descending trendline. On the H4, price have dropped lower since breaking below the pivot at 1.13800. We could expect a short-term bounce before EURUSD today. If the price bounces back to 1st Resistance at 1.13620, EURUSD is expected to face strong bearish...
GBPUSD- 15Feb2022 On the daily, price dropped and bounced from the long-term descending trendline. Price action is mixed for now and we should wait for further clarification for the time being. On the H4, price initially closed below the pivot but met strong demand from the 1st Support at 1.3500 area. It have however confirmed below all the 3 MAs, we could...
USDINR - 15Feb2022 On the H4, price was not able to bounce higher to 1st Resistance at 75.8550 yesterday. H4 Stochastic is also at resistance for pull back. On the H1, RSI is indicating negative bearish divergence while Stochastic is at resistance. With all the indicators aligning for possible pull back, we could expect USDINR to pull back to H4 1st Support at...
USDMYR - 15Feb2022 On the daily, USDMYR has bounced above resistance-turned-support descending trendline and 20EMA and is now pulling back. On the macro factor, this is the 9th week oil price is moving higher with strong upcoming resistance at 98-100 and any pull back on oil price could push USDMYR higher. On the H8, price closed above the descending trendline....
DXY - 15Feb2022 On the daily, DXY bounced and confirmed above 20EMA and 50MA. It is now at 50% Fib resistance around 96.34. On the H4, price is at Fib confluence resistance with a demand candle around at 96.40 area. With several resistance factors, we could expect DXY to at least pull back to 1st Support at 95.955 before bouncing higher today. This is for...
USDPHP - 15Feb2022 On the H4, price met demand around the 51.22 area yesterday. Price action is mixed for today between 51.22 - 51.47. In order for USDPHP to continue its daily uptrend, price needs to bounce above 51.47. Dropping below 51.22 will result in USDPHP to pull back short term to 2nd Support at 51.10. This is for personal record purposes only, not...
USDCAD- 14Feb2022 USDCAD is price direction is still quite mixed. It is bearish on the monthly time frame but bullish on the weekly and daily time frame. We will need to trade cautiously with this pair. On the H4, price once again faced strong demand from the 1.26650 area and bounced higher. There was a slight disconnect with both oil price and USDCAD bouncing...
USDTRY- 14Feb2022 On the weekly, this week will be the 7th week that USDTRY is consolidating sideways. If it fails to breakout higher either this week or next, we could expect it to drop back to 20EMA at 20.32 On the H4, price seems to have broken above the upper trendline wedge. As long as price can stay above this upper trendline, it is likely to once again...
EURUSD- 14Feb2022 On the weekly, EURUSD faced bearish pressure from the 20EMA and 200MA and dropped lower last week. It is now on the daily 20EMA and 50MA support. Price could hold this level for today from the lack of economic data today. On the H4, price dropped lower from the pivot at 1.13800 to 200MA support. It tried to bounce higher but faced bearish...
GBPUSD- 14Feb2022 On the weekly, last week price was able to confirm above the 20EMA. On the daily, it has been 2 days since GBPUSD faced bearish pressure at 1.3600. Hence, there is further bias that price could drop lower to 1st Support at 1.34670 On the H4, price once again faced bearish pressure from 1.3600 level and the descending trendline. 1.3530 remains...
USDINR - 14Feb2022 On the weekly, price is bouncing higher in an uptrend channel. We could expect price to bounce higher to the upper trendline in the near future. On the H4, price has closed above 61.8% Fib resistance at 75.40. As Stochastic also have further room for further upside till resistance, we could expect price to bounce higher to 1st Resistance at...