USDCAD- 25Jan2022
On the daily, price bounced above and flirted with the 50MA before facing bearish pressure and closing back below the neckline. Today's closing will be crucial to monitor. If the price close back above the neckline, the h&s will be invalidated.
On the H4, price flirted with the 200MA before pulling back. It is now finding support at the...
USDTRY- 25Jan2022
On the H4, 13.62 remains the crucial pivot . If the price can close above this level, we could expect it to bounce higher to 1st Support at 14.2250.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 25Jan2022
On the H4, price broke below the descending trendline mentioned yesterday. As Stochastic is forming negative bullish divergence, we remain cautious with EURUSD on further downside. There might a short-term bounce today.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 25Jan2022
On the daily, price sliced through 20EMA with ease after UK Services & Manufacturing PMI both came in lower than expected yesterday.
On the H4, price found support at 200MA and bounced around 1.34375. With Stochastic at oversold and support level, we could expect price to hold 1st Support and have a short-term bounce to 1st Resistance at...
USDINR - 25Jan2022
On the daily, price is flirting with the 50MA resistance.
On the H4, price bounced to potential inverse h&s neckline around 74.65. Will be monitoring closely the price action at this level to see whether the inverse h&s will play out.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 25Jan2022
On the H8, price was not able to close above the 3 MAs. We could expect it 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 - 25Jan2022
On the daily, price bounced to 50MA where it is expected to face bearish pressure today.
On the H4, price bounced to descending trendline and Fib confluence resistance. With Stochastic forming negative bearish divergence, we could expect DXY to pull back to 1st Support at 95.550 today.
This is for personal record purposes only, not financial...
USDPHP - 25Jan2022
On the H4, price bounced to resistance from the 20EMA and 50MAs. Price action is mixed at the moment but looking at daily timeframe, it has further bullish momentum to go up higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
