USDTRY- 13Dec2021 On the weekly, price was not able to close above previous highs. We could expect the price to have one last impulsive move up and pull back this week. However noting that market participants are awaiting for Turkey's central bank announcement on the 16Dec21 On the H4 timeframe, prices tried to break above previous highs but faced bearish...
EURUSD- 13Dec2021 On the weekly, EURUSD is consolidating sideways after bouncing from the h&s target. Will need to monitor this week on whether the price can close back in the wedge. On the H4 timeframe, price bounced above 2 MAs after US CPI data. We could have a slight bullish bias to 1st Resistance at 1.13650. This is for personal record purposes only, not...
GBPUSD- 13Dec2021 On the weekly, GBPUSD bounced from the 1st Support at 1.31780. We could expect it to rebound to 1st Resistance at 1.33220. On the H4 timeframe, prices finally broke out of the descending wedge with confirmation. Ideally, we could expect it to pull back to breakout 1st Support at 1.32180 before further upside to daily resistance at...
USDINR - 13Dec2021 On the weekly, price is above 61.8% Fib retracement and descending trendline. We could easily expect it to bounce up to 78.6% 1st Resistance at 76.1565. On the H4 timeframe, prices continue to bounce above previous highs. We could expect it to bounce higher to daily resistance at 76.1565. This is for personal record purposes only, not...
USDMYR - 13Dec2021 On the daily, prices pull back in the wake of oil price rebounding. We could expect it to at least pull back to 1st Support at 4.210 before a short term bounce. On the H8 timeframe, price pulled back after gapping down. We could expect it to drop to 1st Support at 4.2045 before a short-term bounce. This is for personal record purposes only,...
USDPHP - 13Dec2021 On the weekly, price is consolidating sideways for the last 3 weeks. We should have slight downside bias for USDPHP to 1st Support 50.14 since its last week candle close below the ascending trendline On the H4 timeframe, prices are still hovering around the triangle breakdown area. Have slight downside bias due to weekly price action. This is...
DXY - 13Dec2021 On the weekly, price tested the highs at 96.63 and has been consolidating sideways around the 96.00 level for the past 3 weeks. On the H4 time frame, prices are consolidating inside a triangle. It dropped after the release of US CPI data which came in higher than expected. The US inflation is at the highest y-o-y at 6.8%. If FOMC statement is...