USDMYR - 07Feb2022 On the daily, price is bouncing from ascending trendline support to 23.6% resistance at 4.1840. The price action is closing in at the apex of 2 trendlines. We will need to wait and see which direction it breaks out. At the same time, we will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse...
DXY - 07Feb2022 On the weekly, DXY dropped to 20EMA, 200MA and ascending trendline support after ECB and BoE tone unexpectedly turned hawkish. DXY is expected to have support and have a short-term bounce. On the H4 & H1, price bounced from support at 95.135 level and seems to be playing out h&s with the target to around 94.44. As the Stochastic is still at...
USDPHP - 07Feb2022 USDPHP is indicating mixed signal. On the higher timeframe, it broke above the triangle for further upside to target around 52.00. On the daily, price rebounded after closing below 20EMA. On the H4, price bounced back to neckline of h&s with downside target to around 50.58. As long as price stay below the neckline, we could expect further...
USDCAD- 04Feb2022 On the H4, price is consolidating at the Fib confluence support. With Canada releasing employment and Ivey PMI data tonight, it is expected to be volatile. Also with oil price going much higher and potential for reversal, USDCAD remain mixed for today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 04Feb2022 On the H4, price have bounce back above all 3 MAs.13.62 remains the crucial pivot where if the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 04Feb2022 EURUSD surged higher after a hawkish twist from ECB's President Christine Lagarde speech. On the daily, price is now above 20EMA, 50MA and descending trendline. On the H4, price is well above 78.6% Fib resistance. We could expect EURUSD to bounce to 1st Resistance at 1.15000 where it is expected to face bearish pressure. This is for personal...
GBPUSD- 04Feb2022 On the daily, price managed to confirm above 20EMA, 50MA and descending trendline. Price looks like it could bounce higher to retest 1.3700 level in the near future. On the H4, price is facing bearish pressure at 61.8% Fib resistance. With Stochastic at resistance, we could expect price to pullback to at least 1st Support at 1.35645. This is...
USDINR - 04Feb2022 On the weekly, price bounced above 20EMA last week and the price is now pulling back. On the H4, price is bouncing higher with higher highs and higher lows. We could still expect price to bounce higher from here. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 04Feb2022 On the daily, price is coming into ascending trendline + 200MA support. We could expect USDMYR to bounce from 4.1750 area. We will also need to monitor oil price simultaneously as it seems to be over-extended and could reverse anytime. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 04Feb2022 On the daily, price is coming into ascending trendline support. There could be a short-term bounce today. On the H4 & H1, price seems to be playing out h&s with the target to around 94.44. However, the price is now coming into long term ascending trendline support. Also with Stochastic at support, we could expect price to have a short-term...
USDPHP - 04Feb2022 On the H4, price seems to be playing out h&s with downside target to around 50.58. We could potentially expect further downside for USDPHP today. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 03Feb2022 On the H4, price is at Fib confluence support. With the macro factor oil price action indicating a possible short-term top, we need to be cautious that it would result in USDCAD having a bounce higher. This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 03Feb2022 On the H4, price have bounce back above all 3 MAs.13.62 remains the crucial pivot where if the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 03Feb2022 On the daily, price bounced back in between 20EMA and 50MA. We could expect EURUSD to face bearish pressure for a short-term pullback. On the H4, price faced bearish pressure from the 200MA and Fib confluence resistance. With Stochastic also at resistance, we could expect EURUSD to pull back to 1st Support at 1.12500 This is for personal...
GBPUSD- 03Feb2022 On the weekly, price is bouncing back above the 20EMA. On the daily, price managed to bounce back above 20EMA, 50MA and descending trendline. Price looks like it could bounce higher to retest 1.3700 level in the near future. On the H4, price is nearing 61.8% Fib resistance. With Stochastic at resistance, price could bounce up to 1.36000 before...
USDINR - 03Feb2022 On the H4, price invalidated the previous inverse h&s after price dropped and closed below the neckline. However, USDINR could still have further upside due to its higher time frame bullish momentum. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 03Feb2022 With the macro factor oil price action indicating a possible short-term top, we need to be cautious that it would result in USDMYR having a short-term bounce. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 03Feb2022 On the daily, price is at 20EMA & 50MA support. We could expect a short-term bounce here On the H4, price dropped to 200MA and Fib confluence support. With Stochastic currently at horizontal overlap support, we could potentially expect the price to bounce to 1st Support at 96.430. This is for personal record purposes only, not financial advise...