USDCAD- 03Mar2022
On the daily, USDCAD dropped after BOC raised their interest rate from 0.25% to 0.5%. This could strengthen CAD further and push the price down further.
On the H4, price dropped below the previous demand zone around 1.26640. As Stochastic still has a bit of lower downside before support, price could potentially drop to the lower parallel...
USDTRY- 03Mar2022
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the ascending trendline, we could potentially expect it to drop to daily 20EMA support at 12.580.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 03Mar2022
On the daily, price dropped to a lower low before bouncing back to close higher and forming a bottoming tail.
On the H4, price has dropped below previous lows of 1.1100 area. As RSI is indicating negative bullish divergence, price could potentially have a short-term bounce for EURUSD soon. However, price is expected to face strong bearish...
GBPUSD- 03Mar2022
On the H4, GBP broke down from triangle pattern with further downside target to around 1.30500. Price action is currently in sideway consolidation. On H1, price is bouncing higher to retest the ascending trendline resistance. If price closes above, we could expect it to face strong bearish pressure from 1st Resistance at 1.34580.
This is for...
USDINR - 03Mar2022
On the daily, price is facing bearish pressure at the resistance area at 75.895.
On the H4, price gapped up and bounced higher but now it has pulled back to 23.6% Fib support. Price is expected to bounce higher but if it could also potentially pull back to gap fill 1st Support at 75.315 before bouncing higher.
This is for personal record...
USDMYR - 03Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 61.8% Fib support. We could expect price to bounce higher from here to 1st Resistance at 4.2115.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 03Mar2022
On the daily, price faced bearish pressure at the trendline resistance and closed forming a topping tail. Once price can close above this level, we could expect DXY to surge higher.
On the H4, price closed above previous highs at 97.73 before facing bearish pressure down. The price actions seemed to have completed the Wave (5)-(I) with further...
USDPHP - 03Mar2022
On the H4, price have bounced to yesterday's resistance at 51.56 and is now facing bearish pressure. We could potentially expect price to drop to 1st Support at 51.28 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
