GBPUSD- 25Apr2022 On the weekly, GBPUSD has been moving lower after it has confirmed below 200MA. On the daily, GBPUSD broke major support at 1.3000 last Friday. With such bearish momentum, price could potentially drop lower today to gap fill support at 1.27410. On the H4, bearish momentum is strong and we could potentially expect it to continue lower to 1st...
USDMYR - 25Apr2022 On the weekly, USDMYR had a huge surge higher last week on the back of USD strengthening + oil price pulling back. It is now approaching its triangle breakout target at around 4.3500. Also noting daily RSI is at resistance. On the H8, same outlook as the daily. H4 Stochastic is also at resistance. In view of resistance on different timeframe,...
DXY - 25Apr2022 On the weekly, DXY has been closing higher for the last 3 weeks. Daily RSI also have bounced above previous horizontal resistance at around 69.83 and could potentially be bouncing higher to next resistance at 86.77. This could take price to descending trendline resistance around 102.325. On the H4, wave count is once again revised as price...
USDPHP - 25Apr2022 On the weekly, USDPHP retested and faced bearish pressure at the recent highs around 52.56. However its Daily Stochastic is still at resistance. On the H4, price rebounded near the 23.6% Fib retracement and 50MA at around 52.20. If price drop, we could expect it to found strong support around 200MA + 1st Support around 51.99. If price bounce...
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...
USDCAD- 20Apr2022 On the H4, price once again failed to bounce above 78.6% Fib retracement around 1.26430. If USD strengthens weakens, USDCAD is expected to drop to 1st Support at 1.25385. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
EURUSD- 20Apr2022 On the H4, price met strong demand at around 1.07720 yesterday. It consolidated sideways in a bull flag and is now bouncing higher. With such bullish momentum, we could expect EURUSD to bounce higher to 1st Resistance at 1.08435 today. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
GBPUSD- 20Apr2022 On the H4, price found demand once again near the major support around 1.3000. There are small signs of recovery as price has bounced above 23.6% Fib retracement at 1.30195. If price can close above 50MA at around 1.30440 today, we could expect GBPUSD to bounce easily to 1st Resistance at 1.31110 Disclaimer: This is for personal work record...
USDMYR - 20Apr2022 On the daily, USDMYR surged on the back of oil prices pulling back to the triangle target at around 4.2800. Daily RSI has also just hit resistance. On the H8, USDMYR surged even though it was a Malaysia public holiday yesterday. H4 Stochastic is also at resistance. For today, we could expect USDMYR to pull back to at least 1st Support at...
DXY - 20Apr2022 On the H4, we are waiting for last Wave 5 impulse to complete potentially this week. As most of the indicators in different timeframes are at resistance or indicating negative bearish divergence, price could have an impulsive reversal any moment. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDPHP - 20Apr2022 On the H4, price is near the previous highs at around 52.56. We will need to wait and see whether price can break above this level. Taking into account that Daily and H4 Stochastic is at resistance as well as indicating negative bearish divergence, USDPHP could reverse any moment. This is for personal work record purposes only, not trade /...
EURUSD- 19Apr2022 On the H4, price continues to drop lower to the previous lows. However, H4 RSI has been forming negative bullish divergence where price is making lower lows but RSI is making higher highs. We should be very cautious on the downside as price could reverse any time. This is for personal work record purposes only, not trade / financial advise or...
GBPUSD- 19Apr2022 On the H4, price is expected to continue dropping lower to 1st Support at 1.29665. Thereafter, we need to monitor the price action for future indication. Also noting that H4 Stochastic is at support. This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 19Apr2022 On the daily, price is bouncing higher after a triangle breakout with upside target to around 78.200, Before that could take place it has to close above 78.6% Fib retracement at around 76.758. On the H4, price faced bearish pressure from the 1st Resistance at 76.4250 yesterday. H4 is still playing out its previous h&s pattern. If price actions...