GBPUSD- 23Mar2022 On the daily, GBPUSD is bouncing back above the 20EMA. Will have to wait and see whether today's can confirm above the 20EMA. On the H4, price has broken out of Inv H&S neckline at 1.31935 with a potential upside target to around 1.33970. Currently price is at Stochastic resistance, hence it could potentially pull back to neckline at 1.31935...
USDINR - 23Mar2022 On the H4, market structure for recent price action have changed to lower highs and lower lows. Price faced rejection yesterday at the 50% Fib resistance at 76.45. As long as price action is kept below 76.70, we could expect USDINR to drop lower to 200MA at around 75.60. This is for personal record purposes only, not financial advise or...
USDMYR - 23Mar2022 On the daily, USDMYR managed to bounce back above the trendline to continue its triangle breakout upside target to around 4.2700 On the H4, price has managed to close and confirm above Fib confluence at 4.2120 before pulling back. After a quick pullback, we could expect USDMYR to continue its uptrend to target at 4.27000 This is for personal...
DXY - 23Mar2022 On the H4, price has rebounded and faced bearish at the 78.6% Fib resistance at 98.96. It is consolidating nicely within a triangle pattern for complex Wave 5-(IV). We will have to wait and see which direction would the price breaks out. In the case that the price breaks below 97.78, wave count will be invalidated. This is for personal record...
USDPHP - 23Mar2022 On the H4, RSI is indicating negative bearish divergence for the last 3 zigzag price action. Once price can break below the ascending trendline, we could expect it to drop lower to 1st Support at 52.05. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 21Mar2022 On the weekly, USDCAD seemed to have failed the bullish consolidation for the last 6 weeks and is now dropping lower. On the daily, price is at strong support with 200MA + ascending trendline support around 1.25870. On the H4, price is at confluence Fib support around 1.25915. It is oversold and due for a short term bounce. With H4 Stochastic...
USDTRY- 21Mar2022 On the weekly / daily, USDTRY has been on an uptrend since closing above the previous pivot at 13.90. The next resistance will be at 15.1800. On the H4, price is retesting the 61.8% Fib resistance at 14.80. Once price can close back above 78.6% Fib at 14.88, we could expect price to bounce higher to 1st Resistance at 15.08. This is for...
EURUSD- 21Mar2022 On the weekly, price had a bounce last week after failing to confirm below the channel on the previous week. On the daily, EURUSD is facing bearish pressure from the 20EMA. On the H4, price pulled back to strong support confluence area around 1.10010 with trendlines and 50MAs. If price action close below this area, we could expect EURUSD to...
GBPUSD- 21Mar2022 On the weekly, GBPUSD bounced from the 200MA last week as expected. On the H4, price has bounced to retest 1.31950 last Friday. This level remains the crucial pivot for further upside once price can close above this level. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 21Mar2022 On the H4, price bounced and faced bearish pressure from the 50MA and 1st Resistance at 98.70. Price action is quite mixed for now and need further confirmation on whether Wave 5-(IV) complex correction have completed. In the case that the price breaks below 97.79, wave count will be invalidated. This is for personal record purposes only, not...
USDPHP - 21Mar2022 On both weekly/daily, price is at Stochastic resistance. Price closed last week on a doji and could potentially be pulling back this week. On the H4 & H1, price bounced back and faced bearish pressure at 78.6% Fib resistance at 52.40. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline...
USDCAD- 18Mar2022 On the daily, price is coming into 200MA + ascending trendline support around 1.25870. On the H4, price has been nicely dropping lower ever since it broke below the triangle pattern with downside target of around 1.24800. For now USDCAD is at daily + H4 Stochastic support, it could have a short term bounce to 1st Resistance at 1.27020 before...
USDTRY- 18Mar2022 USDTRY bounced back once again, confirming above the 3MAs on all the time frame. Price action also broke above parallel channel on the H1. With reference to daily, price is more likely to bounce higher to 1st Resistance at 15.18 after it can clear H4 78.6% Fib at 14.880 today. This is for personal record purposes only, not financial advise or...
EURUSD- 18Mar2022 On the daily, EURUSD is facing bearish pressure from the 20EMA. On the H4, price bounced above previous resistance at 1.11000. With price facing daily resistance, we could expect price to pull back to 1st Support at 1.10190 if it closes below 23.6% Fib at 1.10815. This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 18Mar2022 Price has taken a slight hiatus after BoE raised their interest rates to 0.75% yesterday. GBPUSD dropped from its highs at 1.3210 to lows at 1.30900 but it has already recovered more than 61.8% of it. Due to the fundamentals of interest rates hike, we could still expect price to rebound to daily 1st Resistance at 1.32360. This is for personal...
USDMYR - 18Mar2022 USDMYR bounced back higher after finding support from all the 3MAs. It could potentially be resuming its daily upside target to 4.2700 This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 18Mar2022 On the H4, price is finding sizable demand from the 1st Support at 97.78 this could also be the ending point for Wave 5-(IV)(C). Therefore, we could expect price to find support and bounce to 1st Resistance at 98.695 if price can bounce above 23.6% Fib at 98.10. In the case that the price breaks below 97.79, wave count will be invalidated. This...
USDPHP - 18Mar2022 On both weekly/daily, price is at Stochastic resistance. On the H4 & H1, price is bouncing back to 61.8% Fib resistance at 52.34. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline support. This is for personal record purposes only, not financial advise or solicitation of trade.