USDCAD- 14Apr2022 On the daily, USDCAD faced bearish pressure from the 50MA + ascending trendline. On the H4, price dropped as expected yesterday. Price is currently at support. If USDCAD continue to grind lower, we could expect price to find strong support from previous consolidation 1st Support area around 1.25015. In addition, H4 Stochastic is also coming...
EURUSD- 14Apr2022 On the daily, EURUSD is trying to bounce above 23.6% Fib at 1.08975. If it can close above, we could expect price to bounce to 20EMA at around 1.0950. On the H4, EURUSD bounced higher on the back of DXY pulling back. With H4 Stochastic at resistance, we could expect price to face bearish pressure from 50MA + 1st Resistance at 1.09150. This is...
GBPUSD- 14Apr2022 On the daily, GBPUSD is trying to bounce above the 20EMA On the H4, GBPUSD bounced higher on the back of DXY pulling back. Price has also bounced and confirmed above 20EMA and 50MA. With H4 Stochastic at resistance, we could expect price to face bearish pressure from the 200MA + 1st Resistance at around 1.31570. This is for personal record...
DXY - 14Apr2022 On the H4, price had an impulsive pullback yesterday at around 100.500 after all the technical indicators aligned. We are waiting for further confirmation on whether this pullback is the end of Wave 5 or a Wave 4 complex correction. Nevertheless, price action is coming into 1st Support at 99.680 and we could expect a short-term bounce at this...