USDMYR - 14Feb2022 On the daily, USDMYR is trying to break above while coming into the apex of 2 trendlines. There is a disconnect in USDMYR and oil price at the moment with both oil price and USDMYR bouncing higher. On the H8 if price closes above the descending trendline, we could expect further upside to 1st Resistance at 4.1970. This is for personal record...
DXY - 14Feb2022 This week'soptions expiration week starts with a strong rebound in DXY last week. On the weekly, price rebounded strongly from the 200MA, 20EMA and the ascending trendline. On the daily, price is trying to close above 20EMA & 50MA. On the H4 price bounced back above the neckline, negating further downside potential. Price action is mixed with...
USDPHP - 14Feb2022 On the weekly, USDPHP is consolidating and is facing bearish pressure from the 51.52 last week. However, it is still in bullish trend on the higher time frame as it broke out of the triangle for further upside to target around 52.00 On the H1, price is holding above 200MA at 51.20 nicely. If price confirms below the 200MA, we could expect a...
USDCAD- 11Feb2022 On the daily, price is once again bouncing back to retest supply zone resistance at 1.27670. On the H4, price once again faced strong demand from the 1.26650 area. With oil price also pulling back, we could expect it to retest supply zone resistance at 1.27670. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 11Feb2022 On the H4, price is pulling back after testing the 13.62 pivot few days back. It's market structure has changed to lower highs and lower lows with Stochastic having room for slight further downside before support. On the H1, price have closed below all 3 MAs, we could expect it to have a short-term pull back to interim support at 13.3250. This...
EURUSD- 11Feb2022 On the H4, EURUSD bounced to as high as 1.1500 before facing bearish and closed back above the 23.6% Fib support at 1.13980 area. We need to take note of price action at 1.13800 in which closing below on H4 could trigger sell-off to 1st Support at 1.13365. This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 11Feb2022 On the H4, price bounced to as high as 1.3640 before facing bearish pressure from the descending trendline, Fib resistance. It closed back down around 1.35530. We need to take note of price action at 1.3530 in which closing below on H4 could trigger sell-off to 1st Support at 1.34930. This is for personal record purposes only, not financial...
USDINR - 11Feb2022 On the daily, USDINR once again bounced above all MAs, trendlines and previous highs for further upside. On the H4, price closed above previous highs. With Stochastic having room for further upside before resistance, we could expect price to bounce to 1st Resistance at 75.495 today. This is for personal record purposes only, not financial...
USDMYR - 11Feb2022 On a macro trend, oil price have started to reverse off its highs. This resulted in USDMYR bouncing higher to 50% Fib retracement. We need to wait out patiently to see which direction breakout from the triangle on the daily timeframe. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 11Feb2022 The US CPI data came out higher than expect last night and the market participants will be digesting the data for the next move today. On the H4, price whipsawed in between support around 95.20 and resistance at 95.95. This morning it gapped up right at the neckline resistance at 95.950. With 20EMA & 50MA resistance on the daily, we could expect...
USDPHP - 11Feb2022 On the H4, price has bounced to 1st Resistance at 51.37. We could expect the price to be range-bound in between 51.22-51.37. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 10Feb2022 Technically, USDCAD price action is very mixed due to its negative correlation with oil price. It is bearish on monthly but bullish on daily and weekly time frame. On the H4, price dropped from 50% Fib resistance and found support at demand zone 1.26660. This remains the crucial level as closing below this level will cause price to drop to 2nd...
USDTRY- 10Feb2022 On the H4, price is pulling back after testing the 13.62 pivot few days back. Overall, USDTRY is still on an uptrend in the larger timeframe. If price close below the 13.50 area, we could expect USDTRY to have a short-term pull back. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 10Feb2022 On the H4, price is holding up on the 23.6% Fib support. However on H1, price is below 20EMA & 50MA and could potentially drop to 1st Support at 1.13365 first before bouncing higher. This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 10Feb2022 On the H4, price bounced, closed above 61.8% Fib resistance before dropping back down to the 1.35400. BOE Gov Bailey is also scheduled to speak later today. As long as price stays above 20EMA and trendline on the daily, we could expect GBPUSD to bounce higher. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 10Feb2022 On the H4 & H1, price action is consolidating above the MAs. We could expect price to bounce higher to 1st Resistance at 74.9600 which coincides with daily 50MA. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 10Feb2022 On a macro trend, oil price have started to reverse off its highs. This could result in USDMYR bouncing up higher for the upcoming days. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 10Feb2022 On the H4, price is still consolidating around the 20EMA. We are waiting to see whether tonight US CPI data would cause it to bounce back to neckline around 95.950 area or just continue down side to 1st Support at 95.135. This is for personal record purposes only, not financial advise or solicitation of trade.