USDCAD- 02Mar2022
On the daily, price dropped back to the previous demand zone around 1.26640
On the H4, price have dropped back into the consolidating channel. Its market structure have changed to lower highs and lower lows for the last 2 days. However on H1, price is consolidating above the descending trendline to bounce higher. If USDCAD can bounce above...
USDTRY- 02Mar2022
On the monthly, USDTRY was not able to close above the previous monthly candle. Hence, price action is mixed for Mar22. On the daily, price could potentially dropped back to retest 20EMA at around 12.580.
On the H4, price is holding up above the ascending trendline near the 13.800 area. Price action is mixed for now but if it broke below the...
EURUSD- 02Mar2022
On the H4, price has dropped back down to previous support at 1.11220. We could potentially expect price to drop further to 1st Support at 1.10560.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 02Mar2022
On the daily, both 20EMA and 50MA have crossed over for more bearish pressure.
On the H4, GBP broke down from triangle pattern with further downside target to around 1.30500. On H1, price have broke below ascending trendline. If price bounces back to retest this trendline, we could expect further bearish pressure to 1st Support at...
USDINR - 02Mar2022
On the monthly, having Feb22 candle close above Jan22 we could expect USDINR to bounce higher in Mar22 to its upside trendline in the parallel channel.
On the H4, price have once again closed above the trendline convincingly which could push it up further to the 2nd Resistance at 76.2100.
This is for personal record purposes only, not...
USDMYR - 02Mar2022
On the H8, price confirmed above 200MA. However, currently it has pulled back to 50% Fib support. Price could bounce higher from here or further possibility of pulling back to 61.8% Fib support at 4.1870 before bouncing higher.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 02Mar2022
On the daily, price is at trendline resistance. Once price can close above this level, we could expect DXY to surge higher.
On the H4, price has found demand and pushed up on both occasion after price have pulled back to the 96.400 area. The wave 4 correction could have been completed and price action is bouncing higher for Wave 5-(1) to target...
USDPHP - 02Mar2022
On the H4, price action is mixed. But on the back of USD strengthening across the board, USDPHP is most likely to bounce higher to retest 51.52. Breaking above could potentially push price higher to next daily resistance at 51.79.
This is for personal record purposes only, not financial advise or solicitation of trade.
