USDTRY- 08Dec2021
On the H4 timeframe, prices are rolling over. We could expect it to pull back to 1st Support at 13.30403. With RSI forming negative bearish divergence, we are waiting to see whether USDTRY is finally pulling back.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 08Dec2021
On the H4 timeframe, inverse h&s was invalidated after prices broke below the neckline and bounced higher. From the past few days price action, it looks like institutional distribution is taking place.
This would mean that EURUSD could be bouncing up higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 08Dec2021
On the H4 timeframe, prices are very near to the apex of the wedge. With RSI indicating negative bullish divergence, high tendency of upside after the price can close above the upper wedge trendline.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 08Dec2021
On the H4 timeframe, prices are consolidating near the highs, we could expect it to continue bouncing higher to 1st Resistance at 75.665.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 08Dec2021
On the H8 timeframe, price is facing bearish pressure to retest the previous highs. With oil price rebounding, we could expect USDMYR to pull back to at least 1st Support at 4.2045 which is also 20EMA on daily.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 08Dec2021
On the H4 time frame, price tested the 1st Resistance at 96.630 before gapping down today. Price action also failed to take out previous highs at 96.63. We could expect DXY to pull back lower today.
Also removing the previous descending trendline as it seems to be insignificant.
This is for personal record purposes only, not financial advise or...
