USDCAD- 27Jan2022 On the daily, price bounced above descending trendline and is now approaching 50MA. If price can close above 50MA, we could expect it to bounce higher to next resistance at 1.27665. On the H4, price bounced and closed above neckline thus invalidating the h&s downside. It is now coming into 200MA which was last tested in 06Jan22. However, there...
USDTRY- 27Jan2022 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- 27Jan2022 On the daily, price is coming into trendline support + previous low area after hawkish FOMC announcement. On the H4, price was not able to bounce even though Stochastic was indicating negative divergence. Hence, we could expect price to drop lower to 1st Support at 1.12040 just as Stochastic is coming into horizontal support. This is for...
GBPUSD- 27Jan2022 On the daily, price is dropping to Tuesday's low. If price breaks below, we could expect GBPUSD to drop to support at 1.33850. On the H4, price is at possible h&s neckline. If it close below around 1.34375 and follow through, we could expect it to drop lower to target around 1.3130 in the medium term. This is for personal record purposes only,...
USDINR - 27Jan2022 On the daily, price bounced above 50MA and is now coming into ascending trendline + Fib resistance. There might be a pull back today. On the H4, price triggered a inverse h&s with upside target around 75.60. But daily and Stochastic is at resistance, therefore we could expect USDINR to have a short-term pull back today before bouncing...
USDMYR - 27Jan2022 On the daily, price is testing the descending trendline as well as 50MA. Due to overall DXY strength, we will have to wait and see whether USDMYR can bounce and close above these resistance today. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 27Jan2022 DXY reacted bullishly after the hawkish FOMC announcement as Feds look to raise interest rates as easy as Mar22. On the daily, price bounced back 2 MAs. We could possibly expect it to bounce back to retest previous highs around 96.720. On the H4, price is on bullish momentum above all 3MAs. Previous Stochastic negative divergence was not able to...
USDPHP - 27Jan2022 On the H4, price bounced to resistance. We could expect it to continue higher to 2nd resistance at 51.58 in view of overall USD strength. This is for personal record purposes only, not financial advise or solicitation of trade.