USDTRY- 05Jan2022
On the H4, price have abit more upside to 1st Resistance at 14.2250 which also coincides around H1 inverse h&s target. Once price hits that level we could start expecting the USDTRY to pullback to 1st Support at 12.4850
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 05Jan2022
On the H4 timeframe, price is still chopping at important support level of around 1.12740 - 1.12880. If price broke below this level due to economic data, we could expect it to retest recent lows at 1.11940.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 05Jan2022
On the H4 timeframe, price bounced back to previous highs. With its inverse h&s target of 1.36100 very near in sight, we could expect GBPUSD to grind higher. That level also coincides with channel trendline resistance on the daily timeframe.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 05Jan2022
On the H4 timeframe, price bounced higher from the h&s target. Due to H1 price action, we could expect USDINR to continue upside to 1st Resistance at 74.8705 which is also the inverse h&s target.
Thereafter we could expect USDINR to come down lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 05Jan2022
On the H8, price is bouncing back 1st Resistance at 4.1930. This level will provide short-term resistance as it is a 200MA resistance on the H1. Thereafter, we could expect the price to pullback to 1st Support at 4.1835.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 05Jan2022
Both US ISM Manufacturing PMI and job data disappoint estimates yesterday. If ADP NFP figures disappoint tonight, we might see a sell-off on DXY.
On the H4 time frame, price faced pressure at 1st Resistance 96.450 which was also the previous breakdown area. If ADP NFP figures are not up to expectation tonight, we might see DXY pullback...
USDPHP - 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...
