USDINR - 24Feb2022 (revised)
USDINR have busted through resistance levels in my previous analysis so releasing a revised.
On the H4, price broke above the descending trendline and is now coming into 61.8% Fib + ascending trendline resistance at 75.1880. We could expect the price to meet bearish pressure at this level. Now waiting to see whether price can confirm...
USDCAD- 24Feb2022
On the H4, price is once again testing the upper channel trendline resistance and is looking to break out of it. Will just have to wait for the confirmation. If it manages to close above, we could expect buying pressure when price drops back to retest the upper channel breakout.
This is for personal record purposes only, not financial advise or...
USDTRY- 24Feb2022
On the H4, price is grinding higher after closing above pivot level at 13.62 yesterday. This pivot will become key resistance-turned-support if the price drops back in the future. If USDTRY bounce higher, it will face resistance at 14.03.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 24Feb2022
After the last 2 weeks of selling, EURUSD continues to face selling pressure after a short-term bounce in the last few days. On the daily, price drop back to a long-term descending trendline. There might be a short-term bounce.
On the H4, price dropped on the new of Russia-Ukraine conflict. Price is now within support at and has broken the...
GBPUSD- 24Feb2022
On the daily, price is looking to retest 50MA support around 1.3515.
On the H4, price dropped below 61.8% Fib support at 1.35450 and all 3 MAs. Overall, GBP is still consolidating in the parallel channel. With Stochastic having room to drop lower till support, we could expect GBPUSD to drop to 1st Support at 1.34930 before a bounce...
USDINR - 24Feb2022
On the daily, price have retested the 23.6% resistance but face bearish pressure and closed back down and 200MA has yet to be tested.
On the H4, price closed back below all the MAs. With H1 Stochastic at resistance, we could expect price to face bearish pressure from the 23.6% resistance + descending trendline at around 74.60.
This is for...
USDMYR - 24Feb2022
On the daily, USDMYR have bounced to 50MA resistance.
On the H8, price is consolidating around the descending trendline and the MAs. Due to daily resistance, we could expect the price to pull back lower to 1st Support at 4.1720.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 24Feb2022
On the daily, DXY might have resumed its Elliott Wave 3-(1) upside.
On the H4, price bounced to the previous supply area at 96.40 after retesting the breakout descending trendline + bouncing above past 3 days consolidation area. Once price clears 96.40 area, we could expect further upside to 1st Resistance at 96.695.
This is for personal record...
USDPHP - 24Feb2022
On the H4, price broke below the horizontal overlap support at 51.22. When the price rebound back to 51.25, it is expected to face bearish back down to 50.98.
This is for personal record purposes only, not financial advise or solicitation of trade.
