USDTRY- 17Dec2021USDTRY- 17Dec2021
TCMB slash their interest rate from 15% to 14% causing a fundamental devaluation in TRY.
On the H4 timeframe, price is at an all time high. USDTRY could continue to rally to the further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
17dec21
EURUSD- 17Dec2021EURUSD- 17Dec2021
On the H4 timeframe, price faced bearish pressure around the 1.13650 area. We could expect the price trying to retest this area today. With quadruple witching today, we will just have to wait and see how the price action plays out.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 17Dec2021GBPUSD- 17Dec2021
On the daily, price bounced back to 20EMA for the first time after the downtrend. We could expect price to pull back today.
On the H4 timeframe, price faced bearish pressure at the 1.3379 area. We could expect the price to bounce back and retest this area before pulling back to 1st Support at 1.32440
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 17Dec2021USDINR - 17Dec2021
On the H4 timeframe, price faced bearish pressure from 76.41 zone. With Stochastic still at resistance area, we could expect price to face more bearish pressure and pull back to 1st Support at 75.8665.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 17Dec2021DXY - 17Dec2021
On the H4 time frame, price dropped below the ascending trendline as well as 2 MAs. Price could potentially bounce back to this resistance around 96.255 before deeper pull back to 1st Support at 95.620.
This is for personal record purposes only, not financial advise or solicitation of trade.