USDTRY- 07Dec2021USDTRY- 07Dec2021
On the H4 timeframe, prices are consolidating near the ATH. With RSI forming negative bearish divergence, we could potentially see a last impulsive move to Elliot Wave 5 at 1st Resistance 14.4735 before reversing.
This is for personal record purposes only, not financial advise or solicitation of trade.
07dec21
EURUSD- 07Dec2021EURUSD- 07Dec2021
On the H4 timeframe, prices are in the final area of neckline support. If price close below the 1st Support at 1.12695, EURUSD will drop back down to retest its previous lows.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 07Dec2021GBPUSD- 07Dec2021
On the H4 timeframe, prices bounced back into the wedge without confirmation. With RSI indicating negative bullish divergence, we could expect a bounce to the upper wedge trendline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Dec2021USDINR - 07Dec2021
On the daily, there was a follow through candle yesterday. We could expect price to bounce higher to retest previous highs at 75.665.
On the H4 timeframe, prices continue to bounce higher, we could expect it to bounce higher to 1st Resistance at 75.665.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 07Dec2021DXY - 07Dec2021
On the H4 time frame, prices still facing bearish pressure from the adjusted descending trendline. We could expect a slight bearish bias as long as prices are kept below descending trendline resistance which could drop to 1st Support at 95.405. Also noting that a potential h&s could still be in the formation.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 07Dec2021USDPHP - 07Dec2021
On the H4 timeframe, price just broke below the triangle pattern. We need to wait for the next candle close on H1 and H4 to determine whether downside will continue. For now, we could expect price to drop to 1st Support at 50.16.
This is for personal record purposes only, not financial advise or solicitation of trade.