USDCAD- 08Feb2022
On the daily, price once again faced strong bearish pressure from the resistance at 1.27670.
On the H4, price was not able to close above the crucial 1.27670 level. Overall price action is mixed but if oil price pull back from its highs, we could expect a bounce for USDCAD. Stochastic is also at horizontal support where a bounce is most likely....
USDTRY- 08Feb2022
On the H4, price is approaching the crucial level at 13.62 once more. 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- 08Feb2022
On the H4, price is beginning to pull back. As Stochastic is still at resistance, we could expect price to pullback to at least 23.6% Fib support at 1.13980 for the short term.
We also need to take note that there is a triangular patterning forming on H1.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 08Feb2022
On the daily, price bounced back to close above 20EMA. As long as price could stay above 20EMA and descending trendline, it could bounce higher to retest 1.3700 level this week.
On the H4, price have pulled back to 50% Fib support. If price action can close above 50MA on H1, we could expect it to bounce higher to 1st Resistance at...
USDINR - 08Feb2022
On the weekly, price pulled back to close just above the 20EMA. We could expect some upside this week. INR market reopened today after last minute bank holiday declared yesterday as a mark of respect for Lata Mangeshkarji.
On the H4, no directional bias. But based on weekly support, it is likely that price could bounce higher.
This is for...
USDMYR - 08Feb2022
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 - 08Feb2022
On the H4 & H1, price was unable to bounce to the neckline yesterday. Ideally, we could hope for DXY to bounce back to this neckline before continuing its further downside with the target to around 94.44. Stochastic has bounced off its support, awaiting to see whether price can bounce further up to neckline.
This is for personal record purposes...
USDPHP - 08Feb2022
On the H4, price bounced back above neckline, negating the downside for previous h&s. We could expect the price to resume its daily uptrend to target around 52.00 in near term.
This is for personal record purposes only, not financial advise or solicitation of trade.
