USDCAD- 24Jan2022 On the weekly, price bounced from the ascending trendline and 50MA support. On the daily, price is playing out h&s for medium term downside. For the meantime, the price still have a slight chance of bouncing higher to 1.2632 before facing bearish pressure. On the H4, price had a strong breakout above previous 2 peaks and is now pulling back to...
USDTRY- 24Jan2022 On the weekly, price seems to be forming a bullish consolidation for the last 4 weeks. If the price continues further consolidation, we could expect USDTRY to move higher. On the H4, 13.62 remains the crucial pivot. If the price can close above this level, we could expect it to bounce higher to 1st Support at 14.2250. This is for personal...
EURUSD- 24Jan2022 On the daily, EURUSD is trapped in between the 20EMA & 50MA as traders await the FOMC on Wednesday. On the H4, descending trendline & 200MA around 1.13260 remains a crucial level. If the price close below that level, we could expect it to drop lower to 1st Support at 1.12720 easily. This is for personal record purposes only, not financial...
GBPUSD- 24Jan2022 On the weekly, price faced bearish pressure and close lower last week. On the daily, price have dropped to 20EMA support where we could expect a short-term bounce. On the H1, price unexpectedly achieved its h&s target at 1.3550 despite EURUSD closing higher last Friday. On the H4, price is making lower highs and lower lows and we could expect...
USDINR - 24Jan2022 On the daily, price bounced higher but faced bearish pressure and is consolidating just below the 20EMA. As long as the price didn't close above 74.70, we could expect price to face bearish pressure. On the H4, price pulled back below 38.2% Fib at 74.346. It could potentially pulled back to 61.8% at 74.115. If the price break above 74.70, we...
USDMYR - 24Jan2022 On the daily, USDMYR faced bearish pressure from the 20EMA. With oil prices making new highs since 2018, USDMYR is susceptible to pull back lower On the H8, price was not able to close above the 3 MAs. We could expect it to pull back lower to 1st Support at 4.1640. This is for personal record purposes only, not financial advise or...
DXY - 24Jan2022 On the weekly, DXY bounced back last week. On the daily, price bounced above the ascending trendline but is facing bearish pressure from the 20EMA. On the H4, price dropped from resistance around 95.80 and is now consolidating sideways within a range of 95.43 - 95.80. It is expected to consolidate sideways as trader awaits FOMC minutes coming...
USDPHP - 24Jan2022 On the weekly, last week candle formed a topping tail. On the daily, price broke out of the triangle pattern with target around 52.00. With last weekly candle, we need to be cautious as price could pull back first to 20EMA support at 51.09 before further upside. On the H4, price dropped to support at 51.20. Market structure have also changed...