USDPHP trade ideas
USDPHP - 05Jan2022USDPHP - 05Jan2022
On the daily, price came into double top resistance and formed a topping tail. We could expect the price to face short-term resistance at this level.
On the H4, price faced bearish pressure at 51.40 which is also the daily double top. We could expect the price to bounce back and retest this level before coming down further to 1st Support at 50.86.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 04Jan2022USDPHP - 04Jan2022
On the daily, price is at resistance. We will have to wait and see whether price can close above today.
On the H4, price continued to climb higher to 1st Resistance at 51.28. If this resistance is broken today, it would bounce higher to 2nd Resistance at 51.40.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 03Jan2022USDPHP - 03Jan2022
On the weekly, price close above 200MA. We will have to wait and see whether the price action can confirm above end of this week.
On the H4, price gapped up above previous highs. We could expect the price to continue its bullish momentum to 1st Resistance at 51.28.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 03Jan2022USDPHP - 03Jan2022
On the weekly, price close above 200MA. We will have to wait and see whether the price action can confirm above end of this week.
On the H4, price is coming into daily resistance at 50.81 . We could expect some bearish pressure at this level and pullback to 1st Support at 50.78 before any further upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 31Dec2021USDPHP - 31Dec2021
On the daily, price bounced higher to the 1st Resistance at 51.05.
On the H4, price is coming into daily resistance at 51.05. We could expect some bearish pressure at this level and pullback to 1st Support at 50.78.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 23Dec2021USDPHP - 23Dec2021
On the H4, price rebounded back before facing facing bearish pressure from the descending trendline around 50.20. This level was also the daily 20EMA. We could expect the price to drop back to 1st Support at 50.00 before rebounding back.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 20Dec2021USDPHP - 20Dec2021
On the weekly, USDPHP close below the 20EMA at 50.07. Price is pretty much sideways since Jul21 with resistance at 50.75 and support at 49.76.
On the H4 timeframe, price is coming into sideway support area at 49.76. We could perhaps see the price bounce again at 49.76.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 13Dec2021USDPHP - 13Dec2021
On the weekly, price is consolidating sideways for the last 3 weeks. We should have slight downside bias for USDPHP to 1st Support 50.14 since its last week candle close below the ascending trendline
On the H4 timeframe, prices are still hovering around the triangle breakdown area. Have slight downside bias due to weekly price action.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 10Dec2021USDPHP - 10Dec2021
On the H4 timeframe, prices are still hovering around the triangle breakdown area. With USDPHP confirming below ascending line on the daily, we could expect price to drop to 1st Support at 50.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 09Dec2021USDPHP - 09Dec2021
On the H4 timeframe, price just broke below the triangle pattern and is now at support at 50.16. We could expect a short term bounce to 1st Resistance at 50.36 before dropping back to retest 50.16
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 07Dec2021USDPHP - 07Dec2021
On the H4 timeframe, price just broke below the triangle pattern. We need to wait for the next candle close on H1 and H4 to determine whether downside will continue. For now, we could expect price to drop to 1st Support at 50.16.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 29Nov2021USDPHP - 29Nov2021
On the weekly, price ended last week with a doji. With DXY pulling back, USDPHP with turn neutral for this week and need to observe closely for further directional bias.
On the H4 timeframe, prices are still not able to close above all 3 MAs. Price action could be short-term bearish for now.
This is for personal record purposes only, not financial advise or solicitation of trade.