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14feb22

USDCAD- 14Feb2022USDCAD- 14Feb2022 USDCAD is price direction is still quite mixed. It is bearish on the monthly time frame but bullish on the weekly and daily time frame. We will need to trade cautiously with this pair. On the H4, price once again faced strong demand from the 1.26650 area and bounced higher. There was a slight disconnect with both oil price and USDCAD bouncing higher last Friday. For now, it could just be range bounce in between 1.26650-1.27675. For further upside to take place, USDCAD has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
3
USDTRY- 14Feb2022USDTRY- 14Feb2022 On the weekly, this week will be the 7th week that USDTRY is consolidating sideways. If it fails to breakout higher either this week or next, we could expect it to drop back to 20EMA at 20.32 On the H4, price seems to have broken above the upper trendline wedge. As long as price can stay above this upper trendline, it is likely to once again bounce higher to retest the pivot at 13.620 level. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
2
EURUSD- 14Feb2022EURUSD- 14Feb2022 On the weekly, EURUSD faced bearish pressure from the 20EMA and 200MA and dropped lower last week. It is now on the daily 20EMA and 50MA support. Price could hold this level for today from the lack of economic data today. On the H4, price dropped lower from the pivot at 1.13800 to 200MA support. It tried to bounce higher but faced bearish pressure from the trendline and 23.6% Fib resistance. Price could be just ranging sideways today with strong resistance at 1.13930 today. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
GBPUSD- 14Feb2022GBPUSD- 14Feb2022 On the weekly, last week price was able to confirm above the 20EMA. On the daily, it has been 2 days since GBPUSD faced bearish pressure at 1.3600. Hence, there is further bias that price could drop lower to 1st Support at 1.34670 On the H4, price once again faced bearish pressure from 1.3600 level and the descending trendline. 1.3530 remains the crucial pivot level where closing below will cause trades to sell GBPUSD to 1st Support at 1.34930. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
DXY - 14Feb2022DXY - 14Feb2022 This week'soptions expiration week starts with a strong rebound in DXY last week. On the weekly, price rebounded strongly from the 200MA, 20EMA and the ascending trendline. On the daily, price is trying to close above 20EMA & 50MA. On the H4 price bounced back above the neckline, negating further downside potential. Price action is mixed with option expiration and FOMC minutes releasing this week. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS
USDPHP - 14Feb2022USDPHP - 14Feb2022 On the weekly, USDPHP is consolidating and is facing bearish pressure from the 51.52 last week. However, it is still in bullish trend on the higher time frame as it broke out of the triangle for further upside to target around 52.00 On the H1, price is holding above 200MA at 51.20 nicely. If price confirms below the 200MA, we could expect a short-term pull back to H4 1st Support at 51.10. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS