USDTRY- 16Dec2021 Turkey Central Bank is releasing their interest rate decision today. On the weekly, price have already bounced above previous 161.8% at 14.47. Hence, Elliot Wave 5 adjusted from 161.8% to 200% at 16.560 On the H4 timeframe, price is at an all time high . With the CB bank rate decision today, we will have to wait and see how the market reacts...
EURUSD- 16Dec2021 On the H4 timeframe, price retested 1st Support at 1.12275 from the FOMC volatility and bounced. With DXY pulling back, we could expect price to bounce to 1st Resistance at 1.13260 today. This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 16Dec2021 On the H4 timeframe, price retested previous lows at 1.31680 from the FOMC volatility and bounced higher. With price action above 2 MAs and Stochastic indicating negative bullish divergence, we could expect it to bounce higher to 1st Resistance at 1.32955. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 16Dec2021 On the H4 timeframe, price have bounced to 1st Resistance at 76.41. With Stochastic also at resistance, we could expect price to face some bearish pressure and pull back to 1st Support at 75.8665 at this level. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 16Dec2021 On the H8 timeframe, price gapped down into 2 MAs. With oil price on the rebound, we could expect USDMYR to drop lower. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 16Dec2021 On the H4 time frame, price bounced to previous highs at 96.885 before facing bearish pressure from the FOMC announcement. As long as price is kept below the 96.885 level, we could expect a deeper pull back for DXY. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 16Dec2021 On the H4 timeframe, price broke below triangle without confirmation. We could expect a bounce from current level. This is for personal record purposes only, not financial advise or solicitation of trade.