USDCAD- 25Apr2022 On the daily, USDCAD bounced and closed back above the ascending trendline on the back of strong USD and oil price pulling back but it has yet to confirm further upside. It is currently at Ichimoku + 1st Resistance at 1.27315. If price can confirm above the ascending trendline today, daily triangle target downside will be invalidated. On the...
EURUSD- 25Apr2022 On the weekly/daily, EURUSD is still holding above recent lows at 1.07480. Will EUR follow the same path down as GBP? On the H4, price is consolidating at the lows. Price is mixed and we will need to wait out for further indication. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
GBPUSD- 25Apr2022 On the weekly, GBPUSD has been moving lower after it has confirmed below 200MA. On the daily, GBPUSD broke major support at 1.3000 last Friday. With such bearish momentum, price could potentially drop lower today to gap fill support at 1.27410. On the H4, bearish momentum is strong and we could potentially expect it to continue lower to 1st...
USDMYR - 25Apr2022 On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance. On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe,...
DXY - 25Apr2022 On the weekly, DXY has been closing higher for the last 3 weeks. Daily RSI also have bounced above previous horizontal resistance at around 69.83 and could potentially be bouncing higher to next resistance at 86.77. This could take price to descending trendline resistance around 102.325. On the H4, wave count is once again revised as price...