USDCAD- 18Mar2022
On the daily, price is coming into 200MA + ascending trendline support around 1.25870.
On the H4, price has been nicely dropping lower ever since it broke below the triangle pattern with downside target of around 1.24800. For now USDCAD is at daily + H4 Stochastic support, it could have a short term bounce to 1st Resistance at 1.27020 before...
USDTRY- 18Mar2022
USDTRY bounced back once again, confirming above the 3MAs on all the time frame. Price action also broke above parallel channel on the H1.
With reference to daily, price is more likely to bounce higher to 1st Resistance at 15.18 after it can clear H4 78.6% Fib at 14.880 today.
This is for personal record purposes only, not financial advise or...
EURUSD- 18Mar2022
On the daily, EURUSD is facing bearish pressure from the 20EMA.
On the H4, price bounced above previous resistance at 1.11000. With price facing daily resistance, we could expect price to pull back to 1st Support at 1.10190 if it closes below 23.6% Fib at 1.10815.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 18Mar2022
Price has taken a slight hiatus after BoE raised their interest rates to 0.75% yesterday. GBPUSD dropped from its highs at 1.3210 to lows at 1.30900 but it has already recovered more than 61.8% of it.
Due to the fundamentals of interest rates hike, we could still expect price to rebound to daily 1st Resistance at 1.32360.
This is for personal...
USDMYR - 18Mar2022
USDMYR bounced back higher after finding support from all the 3MAs. It could potentially be resuming its daily upside target to 4.2700
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 18Mar2022
On the H4, price is finding sizable demand from the 1st Support at 97.78 this could also be the ending point for Wave 5-(IV)(C). Therefore, we could expect price to find support and bounce to 1st Resistance at 98.695 if price can bounce above 23.6% Fib at 98.10.
In the case that the price breaks below 97.79, wave count will be invalidated.
This...
USDPHP - 18Mar2022
On both weekly/daily, price is at Stochastic resistance.
On the H4 & H1, price is bouncing back to 61.8% Fib resistance at 52.34. The price could be forming a h&s if it gets rejected at this level and break below the ascending trendline support.
This is for personal record purposes only, not financial advise or solicitation of trade.
