18nov21
EURUSD- 18Nov2021EURUSD- 18Nov2021
On the H4 timeframe, price have a dead cat bounce after piercing through 1st Support at 1.12490. We could expect the price to face bearish pressure again from 1st Resistance at 1.3570 for further downside.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 18Nov2021GBPUSD- 18Nov2021
On the H4 timeframe, prices broke out of the descending wedge. If it drops back to 1st Support at 1.34625, it would provide a good opportunity to bounce back to 1st Resistance at 1.35365.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 18Nov2021USDINR - 18Nov2021
On the H4 timeframe, prices faced bearish pressure from the descending trendline and dropped. Due to daily timeframe close below 50MA, prices are expected to drop lower to 1st Support at 74.1335.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 18Nov2021DXY - 18Nov2021
On the H4 time frame, price had a fake breakout above the upper channel resistance. With Stochastics forming negative divergence, we can expect DXY to pull back to 1st Support at 95.65 before a bounce to further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.