USDTRY- 10Dec2021
On the H4 timeframe, prices are consolidating near the highs. Market participants are awaiting for Turkey's central bank announcement on the 16Dec21 for further indication. However, we could expect price to bounce to the weekly impulsive Elliot Wave 5 at 1st Resistance at 14.38 before facing bearish pressure.
This is for personal record...
EURUSD- 10Dec2021
On the H4 timeframe, price bounced dropped below the 2 MAs but have not yet confirm. Prices could potentially bounce back higher. With US CPI data releasing later down, we remain neutral for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 10Dec2021
On the H4 timeframe, prices have rebounded from the lows as expected. If the price can close above the upper wedge trendline, it can easily bounce back to 1st Resistance at 1.32590. Noting that RSI is still indicating negative bullish divergence.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 10Dec2021
On the H4 timeframe, price have tested previous highs at 75.7085 overnight. We will just maintain neutral today to see whether USDINR could break out higher today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 10Dec2021
On the H8 timeframe, price bounced from 1st Support area at 4.2045 to gap fill. For today, we could expect price to pull back to retest 4.2045.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 10Dec2021
On the H4 time frame, prices bounced above 20 & 50 MAs but did not confirm above. Price could potentially come back down. With CPI data releasing later down, we remain neutral for today.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 10Dec2021
On the H4 timeframe, prices are still hovering around the triangle breakdown area. With USDPHP confirming below ascending line on the daily, we could expect price to drop to 1st Support at 50.05.
This is for personal record purposes only, not financial advise or solicitation of trade.
