Get started

02mar22

USDCAD- 02Mar2022USDCAD- 02Mar2022 On the daily, price dropped back to the previous demand zone around 1.26640 On the H4, price have dropped back into the consolidating channel. Its market structure have changed to lower highs and lower lows for the last 2 days. However on H1, price is consolidating above the descending trendline to bounce higher. If USDCAD can bounce above previous lower highs at 1.12810, we could expect it to resume its uptrend. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDTRY- 02Mar2022USDTRY- 02Mar2022 On the monthly, USDTRY was not able to close above the previous monthly candle. Hence, price action is mixed for Mar22. On the daily, price could potentially dropped back to retest 20EMA at around 12.580. On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
DXY - 02Mar2022DXY - 02Mar2022 On the daily, price is at trendline resistance. Once price can close above this level, we could expect DXY to surge higher. On the H4, price has found demand and pushed up on both occasion after price have pulled back to the 96.400 area. The wave 4 correction could have been completed and price action is bouncing higher for Wave 5-(1) to target at around 98.420. In the case of price action closing back below 96.145, this wave count will become invalid. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXYLong
by TTMFS