USDCAD- 14Feb2022
USDCAD is price direction is still quite mixed. It is bearish on the monthly time frame but bullish on the weekly and daily time frame. We will need to trade cautiously with this pair.
On the H4, price once again faced strong demand from the 1.26650 area and bounced higher. There was a slight disconnect with both oil price and USDCAD bouncing...
USDTRY- 14Feb2022
On the weekly, this week will be the 7th week that USDTRY is consolidating sideways. If it fails to breakout higher either this week or next, we could expect it to drop back to 20EMA at 20.32
On the H4, price seems to have broken above the upper trendline wedge. As long as price can stay above this upper trendline, it is likely to once again...
EURUSD- 14Feb2022
On the weekly, EURUSD faced bearish pressure from the 20EMA and 200MA and dropped lower last week. It is now on the daily 20EMA and 50MA support. Price could hold this level for today from the lack of economic data today.
On the H4, price dropped lower from the pivot at 1.13800 to 200MA support. It tried to bounce higher but faced bearish...
GBPUSD- 14Feb2022
On the weekly, last week price was able to confirm above the 20EMA. On the daily, it has been 2 days since GBPUSD faced bearish pressure at 1.3600. Hence, there is further bias that price could drop lower to 1st Support at 1.34670
On the H4, price once again faced bearish pressure from 1.3600 level and the descending trendline. 1.3530 remains...
USDINR - 14Feb2022
On the weekly, price is bouncing higher in an uptrend channel. We could expect price to bounce higher to the upper trendline in the near future.
On the H4, price has closed above 61.8% Fib resistance at 75.40. As Stochastic also have further room for further upside till resistance, we could expect price to bounce higher to 1st Resistance at...
USDMYR - 14Feb2022
On the daily, USDMYR is trying to break above while coming into the apex of 2 trendlines. There is a disconnect in USDMYR and oil price at the moment with both oil price and USDMYR bouncing higher.
On the H8 if price closes above the descending trendline, we could expect further upside to 1st Resistance at 4.1970.
This is for personal record...
DXY - 14Feb2022
This week'soptions expiration week starts with a strong rebound in DXY last week. On the weekly, price rebounded strongly from the 200MA, 20EMA and the ascending trendline. On the daily, price is trying to close above 20EMA & 50MA.
On the H4 price bounced back above the neckline, negating further downside potential. Price action is mixed with...
USDPHP - 14Feb2022
On the weekly, USDPHP is consolidating and is facing bearish pressure from the 51.52 last week. However, it is still in bullish trend on the higher time frame as it broke out of the triangle for further upside to target around 52.00
On the H1, price is holding above 200MA at 51.20 nicely. If price confirms below the 200MA, we could expect a...
