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13jan22

EURUSD- 13Jan2022EURUSD- 13Jan2022 On the daily, price bounced above previous descending trendline and 20EMA & 50MA are crossing over for further bullish momentum. On the H4 time frame, price bounced to 61.8% Fib resistance after US CPI data. We could expect EURUSD to face short-term bearish pressure and pull back to around 1.40000. RSI is also at resistance level where previous drops occurred. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
GBPUSD- 13Jan2022GBPUSD- 13Jan2022 On the daily, price is approaching 200MA. We could expect temporary pullback in GBPUSD. On the H4 timeframe, price broke above descending trendline resistance and is approaching 1st Resistance at 1.37310. Due to higher timeframe resistance, we could expect GBPUSD to face bearish pressure at this level and pull back to retest the trendline. RSI is also indicating resistance where previous drops occurred. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
DXY - 13Jan2022DXY - 13Jan2022 DXY dropped lower after US CPI came out higher than estimates. On the daily, it is coming into ascending trendline support. It may have a bit more downside to drop to 1st Support at 94.525. But we could expect a short-term bounce today or tomorrow. On the H4 time frame, priced dropped lower after its market structure changed to lower highs and lower lows. As the higher timeframe is in support, there could be limited downside for DXY. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS