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24jan22

USDCAD- 24Jan2022USDCAD- 24Jan2022 On the weekly, price bounced from the ascending trendline and 50MA support. On the daily, price is playing out h&s for medium term downside. For the meantime, the price still have a slight chance of bouncing higher to 1.2632 before facing bearish pressure. On the H4, price had a strong breakout above previous 2 peaks and is now pulling back to the breakout level. If oil price continue consolidate sideways, USDCAD could potentially have a relief bounce to 1st Resistance around 1.2632 before facing bearish pressure. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
GBPUSD- 24Jan2022GBPUSD- 24Jan2022 On the weekly, price faced bearish pressure and close lower last week. On the daily, price have dropped to 20EMA support where we could expect a short-term bounce. On the H1, price unexpectedly achieved its h&s target at 1.3550 despite EURUSD closing higher last Friday. On the H4, price is making lower highs and lower lows and we could expect it to bounce to 1st Resistance at 1.36215 today. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USDINR - 24Jan2022USDINR - 24Jan2022 On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure. On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we could expect it to trigger inverse h&s for higher prices. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
DXY - 24Jan2022DXY - 24Jan2022 On the weekly, DXY bounced back last week. On the daily, price bounced above the ascending trendline but is facing bearish pressure from the 20EMA. On the H4, price dropped from resistance around 95.80 and is now consolidating sideways within a range of 95.43 - 95.80. It is expected to consolidate sideways as trader awaits FOMC minutes coming Wednesday. If the price could close above 95.80, it is expected to bounce higher to 1st Resistance at 96.07 This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS
USDPHP - 24Jan2022USDPHP - 24Jan2022 On the weekly, last week candle formed a topping tail. On the daily, price broke out of the triangle pattern with target around 52.00. With last weekly candle, we need to be cautious as price could pull back first to 20EMA support at 51.09 before further upside. On the H4, price dropped to support at 51.20. Market structure have also changed to lower highs and lower lows. If price bounced up to 51.37, we could expect it to face bearish pressure and possibly pull back to 1st Support at 51.09. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS