USDINR - 10Jan2022USDINR - 10Jan2022
On the daily/weekly, price was not able to get a proper bounce from the 74.26 important support. As a result, we could anticipate price to go much lower.
On the H4 timeframe, price opened lower below the 74.26 area. If the price close below 74.26, we could expect the price to drop lower to 1st Support at 74.00.
This is for personal record purposes only, not financial advise or solicitation of trade.
10jan22
USDMYR - 10Jan2022USDMYR - 10Jan2022
On the weekly, last week candle bounced back to the descending trendline resistance. We could expect price to face bearish pressure and pull back to 1st Support at 4.1895.
On the H8, price bounced to the gap fill area where price is expected to have a short-term pullback to 1st Support at 4.2000. If price close below 4.200 area, we could expect a deeper pull back to 4.1825.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 10Jan2022USDTRY- 10Jan2022
On the weekly, price continue to grind higher and close above the previous candle. If price can close above 14.230, we could expect it to continue upside to 16.045.
On the H4, price is coming into H1 inverse h&s target at 14.2250. We remain cautious on the upside till the price close above 14.2250.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 10Jan2022EURUSD- 10Jan2022
On the weekly, price faced bullish pressure after dropping back to 1.1300 area and formed a dragonfly candle. If price can close above 1.13795, we could expect it to continue its upside momentum to 1.14500 area upcoming weeks.
On the H4 time frame, price bounced above previous resistance after NFP disappoints. As last week US economic data missed estimates, we could expect EURUSD to attract buyers.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 10Jan2022GBPUSD- 10Jan2022
On the weekly, price successfully bounced above 20EMA towards the descending trendline. It might continue to face resistance at this level
On the H4 timeframe, price rebounded back to its inverse h&s target around 1.3600. The ascending trendline remains the key support as GBPUSD grinds higher. If price broke below the trendline, we could expect it to drop to 1st Support at 1.34740.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 10Jan2022DXY - 10Jan2022
On the weekly, price faced bearish pressure after bouncing back to 96.45 and formed a tombstone candle. We could expect price to pullback to 95.00 area upcoming weeks.
On the H4 time frame, price broke below previous support and sell-off to support after NFP disappoints. As last week US economic data missed estimates, we could expect market participants to sell-off DXY lower.
This is for personal record purposes only, not financial advise or solicitation of trade.