USDMYR - 28Mar2022USDMYR - 28Mar2022
USDMYR faced bearish pressure from the resistance at 4.2360. On the daily with the long bearish candle, price could possible drop back to 20EMA + 1st Support at 4.1985 before a bounce.
On the H8, price closed below the 20EMA and is now at support. With the bearish momentum, we could expect price to drop further to 1st Support at 4.2000 before rebounding back.
This is for personal record purposes only, not financial advise or solicitation of trade.
27mar22
USDPHP - 28Mar2022USDPHP - 28Mar2022
On the weekly, USDPHP pulled back last week after the previous week doji candle. Price could potentially pull back lower this week as weekly Stochastic is still at resistance.
On the H4, price dropped lower after breaking the triangle and RSI formed negative bearish divergence for the last 3 zigzags. USDPHP has further downside to triangle target at around 51.79 once it breaks below 1st Support at 52.05.
This is for personal record purposes only, not financial advise or solicitation of trade.