USDCAD- 07Mar2022
Technically, USDCAD price action is very mixed due to its bearish price action on the monthly time frame but bullish on the weekly and daily time frame. With the added mix of Russia-Ukraine political situation that caused oil price huge fluctuation and BOC raising its interest rate from 0.25% to 0.5%. On the daily, price only manage to close...
USDTRY- 07Mar2022
On the weekly, price closed near the resistance at 14.23. Once price can close above 14.23, we could expect further upside for USDTRY.
On the H4, price is gradually bouncing back near the pivot at 14.23. Once it can close above this level, we could expect it to bounce back and retest 1st Resistance at 14.600.
This is for personal record...
EURUSD- 07Mar2022
On the weekly, last week candle gapped down then faced bearish pressure after bouncing back to retest the gap. The price broke below the channel and closed lower than the previous week's candle. We could expect price to face further bearish pressure to 1st Support at 1.07480.
On the H4, EURUSD faced extreme bearish pressure last Friday due to...
GBPUSD- 07Mar2022
On the weekly, GBPUSD bounced and faced bearish pressure from the trendline resistance. It closed below previous week's low. In the bigger picture, price is trending down in a channel. For this week, we could expect price to drop to test 200MA at around 1.31180.
On the H4, GBP broke down from the triangle pattern with further downside target to...
USDINR - 07Mar2022
On the weekly, price is surging up to its upper trendline resistance. We could expect it to reach its weekly resistance at 76.57 next week.
On the H4, price surged above the minor parallel channel and faced bearish pressure around previous highs at 76.42. With Stochastic at resistance, we could expect USDINR to pull back to 23.6% Fib support...
USDMYR - 07Mar2022
On the weekly, USDMYR is pulling back to 50MA support at 4.1705. We could expect price to have a short term bounce from here.
On the H8, price has dropped back to previous demand zone around 4.1720. With Stochastic at support, we could expect price to bounce back to 1st Resistance at 4.1835.
This is for personal record purposes only, not...
USDPHP - 07Mar2022
On the daily, USDPHP has surged above trendline and 1st resistance at 52.06 since it closed above previous horizontal overlap resistance at 51.52.
On the H4, price faced bearish pressure from 1st Resistance at 52.06. With Stochastic at resistance, we could expect price to pullback to 1st Support at 51.72.
This is for personal record purposes...
DXY - 07Mar2022
On the weekly, DXY surged all the way up to 98.870 after the geo-political event intensifies and market participants flee into USD as safe-heaven. It is now at upper channel resistance, we could expect a price to have a short-term pull or consolidate next week.
On the H4, price has surged past its triangle breakout target around 98.42 to highest...
