USDTRY- 02Dec2021
On the H4 timeframe, prices continue to climb higher. We could easily expect price to surge up to weekly time frame Elliot Wave 5 target at 14.385.
Also noting that RSI is forming negative bearish divergence, we could expect the price to pull back next week.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 03Dec2021
On the H4 timeframe, prices tested the 1st Resistance area before dropping back down again. It is now at the important neckline area. If it drops below the neckline, the inverse h&s will become invalid.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 03Dec2021
On the H4 timeframe, prices tested the upper wedge trendline again and faced bearish pressure. Prices are still in a descending wedge .
With RSI indicating negative bullish divergence, we could expect further upside once it breaks above the wedge .
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 03Dec2021
On the H4 timeframe, price is still holding above the ascending trendline. Once it breaks below, we could expect it to drop to 1st Support at 74.7420.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 03Dec2021
On the H8 timeframe, price is approaching 1st Resistance at 4.2438. We could expect price to retest this level, will have to wait and see whether it can break above.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 03Dec2021
On the H4 time frame, price is approaching the descending trendline resistance. If the price can close above, it could surge up to 1st Resistance at 96.390. Also noting that a potential h&s could still be in the formation.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 03Dec2021
On the H4 timeframe, prices are consolidating in a triangle. We can only wait patiently to see which direction it will break out.
This is for personal record purposes only, not financial advise or solicitation of trade.
