USDCAD- 22Apr2022
On the daily, USDCAD rebounded from the 78.6% Fib retracement and on the back of oil price pulling back.
On the H4, price is approaching strong resistance at around 1.2620-1.2630 from the trendlines, MAs and Fibs. We could expect USDCAD to face bearish pressure at this level and pull back lower.
Disclaimer: This is for personal work record...
EURUSD- 22Apr2022
On the daily, EURUSD faced bearish pressure from the 20EMA and 1st Resistance at 1.09050.
On the H4, price is now at 20EMA & 50 MA support. Based on the recent price action, EURUSD might be forming a cup and handle. We will need to wait out and confirmation for further upside once price can close above 1.09200.
This is for personal work record...
GBPUSD- 22Apr2022
On the H4, GBPUSD tested the 61.8% Fib and faced bearish pressure yesterday. Further downside bias remains for GBPUSD unless it can close above the descending trendline, 200MA and 78.6% Fib retracement at 1.31100.
Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDMYR - 22Apr2022
On the daily, USDMYR macro triangle breakout was revised and the revised upside target is to around 4.3500 in the medium term. However Daily RSI is at resistance and it may pull back / consolidate sideways before further upside.
On the H8, same outlook as the daily. Price is overbought and need to pull back / consolidate before continuing...
DXY - 22Apr2022
On the daily, price bounced near the 20EMA support but RSI is still at resistance.
On the H4, DXY had a nice rebound yesterday. Price actions is mixed. If price dropped back and closed below the ascending trendline, it will trigger a h&s for lower downside.
Disclaimer: This is for personal work record purposes only, not financial advise or...
