USDCAD- 16Feb2022
On the H4, not many surprises for yesterday's price action. It faced bearish pressure from descending trendline and Fib confluence resistance at 1.27675. USDCAD is range-bound for the time being. For further upside to take place, USDCAD has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have...
USDTRY- 16Feb2022
On the H4, price flirted just above the pivot level at 13.620 before dropping back down. With current price action above all 3MAs + the upper trendline wedge, we could expect it to bounce higher to 1st resistance at 14.035.
This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 16Feb2022
On the daily, price bounced found support at the long-term descending trendline.
On the H4, price rebounded quickly after dropping to 1.1330 area. Now it is still facing bearish pressure from the resistance at 1.3620. With FOMC minutes releasing later today, we will just have to wait out to see the market reactions.
This is for personal record...
GBPUSD- 16Feb2022
On the H4, price was once again met with strong demand after it dropped to the support level at 1.3500. Price is now fluctuating between the 3 MAs. With UK CPI and FOMC minutes releasing later today, we will just have to wait out to see the market reactions.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 16Feb2022
On the H4, price has pulled back from confluence Fib resistances at 96.39. FOMC minutes will be released later today, we will just have to wait and find out how the market reacts to it.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 16Feb2022
On the H4, price once again dropped and met demand around the 51.22 area yesterday. Price action is mixed for today between 51.22 - 51.47. In order for USDPHP to continue its daily uptrend, price needs to bounce above 51.47. Dropping below 51.22 will result in USDPHP to pull back short term to 2nd Support at 51.10.
This is for personal record...
