USDINR - 06Apr2022 On the weekly, USDINR dropped back to 20EMA support. On the daily, price is also at Fib confluence support with a doji candle closed yesterday. We could expect a short-term bounce today. On the H4, USDINR continued its h&s downside target to 74.35. However, price is currently at daily and Fib confluence support. It could have a short-term...
DXY - 06Apr2022 On the daily, DXY have completed its Wave 4 correction and is now bouncing higher above previous resistance around 99.20 to complete Wave 5. It is inevitable to bounce higher to retest psychological resistance of 100. On the H4, price bounced back higher after Mar ISM Services missed estimates but beats previous month data. Price action indicates...
USDMYR - 06Apr2022 On the weekly, USDMYR faced bearish pressure and formed a doji candle last week. Nevertheless, it is now bouncing higher to continue its triangle breakout target to around 4.270. On the H8, USDMYR also broke another small triangle. However, H8 target is only around 4.260. If USD can continue to strengthen across the board + oil price pulling...
USDPHP - 06Apr2022 On the weekly, USDPHP dropped to 20EMA support. We could expect a short-term bounce. On the daily, price confirmed below the 20 & 50MAs. If the price rebound to resistance at 51.69, we could expect it to face bearish pressure. On the H4, price dropped to near 1st Support at 51.07. With RSI at support, we could expect price to bounce back to...
USDMYR - 01Apr2022 On the H4, price is making lower highs and lower lows. It has now bounce back near the descending trendline resistance. We could expect price to face bearish pressure and drop lower to 200MA support around 4.1950. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 01Apr2022 On the H4, price bounced back nicely from the 200MA and is now back above the 20EMA. Price is expected to face bearish pressure if it bounce up directly to 1st Resistance at 98.655. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 31Mar2022 On the H4, DXY seemed to have failed the triangle breakout to the upside and has now reversed and confirmed to the downside. With price currently at 200MA support + Stochastic support, we could expect DXY to have a short-term bounce to 1st Resistance at 98.08. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 31Mar2022 On the H4, USDCAD finally bounced from Fib confluence supports at 1.2430. If price were to bounce up directly to 1st Resistance at 1.25395, we could expect USDCAD to face bearish pressure. This is for personal record purposes only, not financial advise or solicitation of trade.
EURUSD- 31Mar2022 On the H4, price broke the long-term descending triangle triggering inverse h&s with upside target to around 1.14770. But for now price is at ascending trendline & 1st Resistance at 1.11790. With H4 Stochastic also at resistance, we could expect EURUSD to pullback to at least 1st Support at 1.10930. This is for personal record purposes only,...
GBPUSD- 31Mar2022 GBP price action looks weak compared to EUR for the last few days. On the H4, price tried to bounce from the support at 1.30500. We will need to wait and see whether its market structure can form higher highs and higher lows. If it drops lower, we also need to wait and see whether previous bottom at 1.3000 can hold. This is for personal record...
USDINR - 31Mar2022 On the H4, there could potentially be a h&s in play with downside target of 74.35. If the price were to bounce back to 1st Resistance at 76.19, it could potentially face bearish pressure to push the price down to 74.35. This is for personal record purposes only, not financial advise or solicitation of trade.
USDMYR - 31Mar2022 On the H8, price is making lower highs and lower lows. It is currently at Fib confluence + 50MA support. We could expect a short-term bounce to 1st Resistance at 4.2125. This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 28Mar2022 On the H4, DXY seemed to have failed the triangle breakout to the upside and has now reversed and confirmed to the downside. With price currently at 200MA support + Stochastic support, we could expect DXY to have a short-term bounce to 1st Resistance at 98.08. This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 31Mar2022 On the H4, price dropped lower last 2 days after RSI formed negative bearish divergence. Price is now approaching 200MA support at 51.79-51.84. We could expect price to rebound from this level. This is for personal record purposes only, not financial advise or solicitation of trade.
USDCAD- 28Mar2022 On the daily/weekly, USDCAD broke below the triangle convincingly. However daily Stochastic and Fib confluence is at Support, we could expect a short-term bounce this week. On the H4, price went lower continuously w/o a bounce after breaking below the triangle pattern. It has now achieved its triangle downside target at around 1.2480. With Fib...
USDTRY- 28Mar2022 Price action for USDTRY last week was pretty much just sideway consolidation. On the H4, price is retesting the 61.8% Fib resistance at 14.80. With the overall strength in USD, we could expect price to bounce higher to 78.6% Fib at 14.88. If it can close above, the next resistance will be at 15.08, in-line with daily resistance. This is for...
EURUSD- 28Mar2022 On the weekly, last week bearish candle negated most of previous week's bounce indicating a weakness in the EUR. Price action is weak and could potentially pulled back lower this week. On the H4, price has started to form micro lower highs and lower lows after facing bearish pressure from 1.11375 level. However, it is still making higher highs...
GBPUSD- 28Mar2022 On the weekly, GBPUSD did not follow through on the bounce last week. Price action is mixed for now as GBPUSD remains in the lower end of the channel. On the H4, price also invalidated the uptrend channel by closing below the channel last Friday. If price confirms below 20 & 50MAs today, we could expect GBPUSD to drop lower to 1st Support at...