USDCAD- 07Apr2022
On the daily, USDCAD bounced to 20EMA + 1st resistance. We could expect it to face bearish pressure down from here.
On the H4, price bounced above 20EMA & 50MA. Price is at daily resistance hence we could expect USDCAD to drop to at least 1st Support 1.24855.
This is for personal work record purposes only, not financial advise or solicitation...
EURUSD- 07Apr2022
On the H4, price bounced but faced bearish pressure back down to previous low at 1.08725. Price action and MAs are bearish while both H4 Stochastic is still at support. If price closes below daily 78.6% Fib at 1.08870, we could expect EURUSD to retest the lows.
This is for personal work record purposes only, not financial advise or solicitation...
GBPUSD- 07Apr2022
On the H4, price is finding strong demand from support at around 1.30600. Price action is mixed and will need to wait to see whether price bounces higher from here or drop back and retest previous lows at 1.30000.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 07Apr2022
On the H4, USDINR bounced back strongly to the descending trendline + Fib resistance. With RSI also coming into resistance, we could expect USDINR to have a pullback to at least 1st Support at 75.6500.
This is for personal work record purposes only, not financial advise or solicitation of trade.
DXY - 07Apr2022
On the H4, price action indicates Wave 4 complex correction might be playing out. Stochastic is still at resistance so there might be a deeper and complex pullback. As long as price action stays above 98.960, the wave count will remain intact and we should expect Wave 5 to push higher.
This is for personal work record purposes only, not financial...
USDPHP - 07Apr2022
On the H4, price dropped to near 1st Support at 51.07. If H1 price action is able to follow through and close above both 20EMA & 50MA, we could expect USDPHP to continue bouncing back to daily 1st Resistance at 51.69.
This is for personal work record purposes only, not financial advise or solicitation of trade.
