USDTRY- 04Jan2022 On the H1, price might have already flirted with the inverse h&s target at 14.04 yesterday. We could start expecting the USDTRY to drop to 1st Support at 12.2950 This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 04Jan2022 On the daily / H4 timeframe, price dropped below 200MA but bounced back from the breakout trendline. It also never confirm below 200MA. As H1 have confirmed below 200MA, price could potentially be more bearish bias. However with US economic data coming out, anything is possible. This is for personal record purposes only, not financial advise or...
GBPUSD- 04Jan2022 On the daily, price dropped and bounced back from the breakout trendline. On the H4 timeframe, price bounced back from the 50MA support. Price action still indicates bullish momentum for GBPUSD but with economic data coming out, we need to be cautious. GBPUSD is still playing out inverse h&s to target 1.36100. However if price can confirm below...
USDINR - 04Jan2022 On the H4 timeframe, price is currently at h&s downside target of 74.265. As long as this level holds, we could expect price to bounce back to 1st Resistance at 74.7530. It is also worth noting that there could be an inverse h&s forming on H1 with the price target of ~75.85. This is for personal record purposes only, not financial advise or...
USDMYR - 04Jan2022 On the H8, price is bouncing back to 1st Resistance at 4.1830. We could expect some bearish pressure to push the price down at this level. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 04Jan2022 On the daily, price bounced from 50MA support at 95.540. On the H4 time frame, price closed above Fib resistance at 96.26. As US economic data are going to resume as per normal today, we need to wait for the release to determine its fundamental. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 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.