USDCAD- 04Mar2022USDCAD- 04Mar2022
On the H4, price is having a dead cat bounce from the lower parallel channel. As some significant support has been broken yesterday, we could expect USDCAD to face strong bearish pressure from 1st Resistance at 1.27320.
This is for personal record purposes only, not financial advise or solicitation of trade.
04mar22
USDTRY- 04Mar2022USDTRY- 04Mar2022
Today would be crucial for USDTRY. If price can close above 14.23 on the weekly, we could expect USDTRY to bounce higher next week.
On the H4, price is consolidating near the 14.125. We could expect price to at least bounce to resistance at 14.30. Then will need to monitor whether price can hold this level or not.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 04Mar2022EURUSD- 04Mar2022
On the daily, price dropped to a lower low from the previous day. But it is coming into weekly strong support.
On the H4, price has dropped below previous lows of 1.1066 but it is coming into weekly strong support. With RSI indicating negative bullish divergence, we could expect EURUSD to be having a dead cat bounce soon.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 04Mar2022GBPUSD- 04Mar2022
On the H4, GBP broke down from the triangle pattern with further downside target to around 1.30500. Price action is currently in sideway consolidation. We could expect it to drop lower to 1st Support at 1.32525.
On H1, the ascending trendline proves to be an effective resistance. If price bounces back to this trendline, we could expect bearish pressure from it.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 04Mar2022USDINR - 04Mar2022
On the daily, price is at resistance around 76.00.
On the H4, price closed above previous resistance at 75.88. As Stochastic still have room for further upside, we could expect price to bounce higher to 1st Resistance at 76.210. This level is expected to be the max upside for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 04Mar2022USDMYR - 04Mar2022
On the daily, USDMYR have dropped to MA support. Price could potentially drop lower to retest 200MA support at 4.1820.
On the H8, price have dropped and confirmed back below all the 3 MAs. We could expect price to drop lower to 1st Support at 4.1815.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 04Mar2022DXY - 04Mar2022
On the daily, price closed above the previous trendline resistance and is now surging higher.
On the H4, price gapped up higher to 1st Resistance at 98.040. The price actions seemed to have completed the Wave (5)-(II) with further upside target around 98.420.
In the event 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.
USDPHP - 04Mar2022USDPHP - 04Mar2022
On the daily, USDPHP have closed above previous horizontal overlap resistance at 51.52 for further upside.
On the H4, price bounced to resistance at 51.70 and faced bearish pressure. It has pulled back and bounced from the 23.6% Fib support. For today, we could expect USDPHP to bounce higher and test 1st Resistance at 51.82.
This is for personal record purposes only, not financial advise or solicitation of trade.