After having strong dead cat bounce last 4 weeks, US dollar index is finally coming into some strong resistance around 102.87-103.43. Technical resistance: - 200MA ; trendline - 23.6% Fib retracement - 100% Fib extension Possible economic news: - market participants will be looking to sell USD if FOMC minutes are more dovish than expected Disclaimer: This is...
USDCAD- 29Apr2022 On the H4, price has achieved its upside triangle target around 1.2850. If USD continue pulls back today, we could expect USDCAD to drop to 1st Support at 1.27185. Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
EURUSD- 29Apr2022 On the H4, price has paused its freefall and is now consolidating sideways. With Stochastic indicating negative bullish divergence, we could expect EURUSD to have a short-term bounce to at least 1st Resistance at 1.06075 Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
GBPUSD- 29Apr2022 On the daily, GBPUSD dropped below 61.8% Major Fib support but have not confirm. We could expect a short-term bounce. On the H4, GBPUSD continues to drop lower. With H4 Stochastic indicating negative bullish divergence , we could expect GBPUSD to have a short-term bounce to 1st Resistance at 1.26200. Disclaimer: This is for personal work...
USDMYR - 29Apr2022 On the H8, price is overbought and Stochastic is at resistance. We could expect USDMYR to pull back to 1st Support at 4.3310. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDPHP - 29Apr2022 On the H4, USDPHP is facing bearish pressure from the H4 & H1 trendlines. H1 h&s still intact and we could expect further downside to target at around 51.92. If price bounce above both trendlines, h&s will be invalidated. Disclaimer: This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
DXY - 29Apr2022 On the H4, DXY have bounced up to 1st Resistance around 104.00. With H4 Stochastic and RSI at resistance, this could potentially be a short-term top while waiting out to see whether Wave 5 is completed. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDTRY- 28Apr2022 On the H4, price once again bounced back strongly from the interim resistance-turned-support at 14.7500. If USD continues to strengthen, we could expect USDTRY to bounce higher to 1st Resistance at 14.8800. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
DXY - 27Apr2022 On the H4, we are still waiting to see where the last impulsive Wave 5 could potentially end. Noting that price is coming into alot of resistance at the 102.400 level today - daily long term descending trendline + RSI + 1st Resistance as well as H4 Stochastic + RSI are also at resistance. Disclaimer: This is for personal work record purposes...
USDCAD- 26Apr2022 On the daily, USDCAD confirmed above the ascending trendline yesterday. Downside triangle target was invalidated. On the H4, price faced bearish pressure from the 1st Resistance and is now pulling back. With H4 RSI and Stochastic at resistance, we could expect USDCAD to pull back to at least 1st Support at 1.26550. Disclaimer: This is for...
EURUSD- 26Apr2022 On the daily, EURUSD plunge below previous lows of 1.0760. On the H4, price dropped lower but yet to confirm. With oversold condition, we could expect EURUSD to at least rebound to 23.6% Fib Resistance at 1.07535. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
GBPUSD- 26Apr2022 On the daily, GBPUSD found support at gap fill + 1st Support at around 1.27410. On the H4, GBPUSD found demand at 1st Support around 1.26965. It is now rebounding nicely. We could expect a dead cat bounce at least to 23.6% Fib retracement at 1.28035. Disclaimer: This is for personal work record purposes only, not financial advise or...
USDINR - 26Apr2022 On the daily, USDINR tested the 78.6% Fib retracement at around 76.758 yesterday. On the H4, price have pull back from the 1st Resistance after Stochastic has pulled back from Stochastic. If price can closes above this level, we could expect it to retest previous highs at 77.055. Disclaimer: This is for personal work record purposes only,...
USDMYR - 26Apr2022 On the daily, USDMYR has reached its upside triangle breakout target. Noting daily RSI is also at resistance. On the H8, price is overbought and Stochastic is at resistance. We could expect USDMYR to pull back to 1st Support at 4.3230. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
DXY - 26Apr2022 On the H4, DXY might be facing short-term bearish pressure from 1st Resistance at 101.940. With Daily RSI and H4 Stochastic at resistance, we could expect DXY to pull back to 1st Support at 101.105. Disclaimer: This is for personal work record purposes only, not financial advise or solicitation of trade.
USDPHP - 26Apr2022 On the H4, USDPHP is pulling back after all the price action and indicators are siding towards short-term top. The price is current at H1 200MA + trendline support. We could expect a short-term bounce based on H1 price action. Noting Daily Stochastic is still at resistance and we could expect deeper pullback. Disclaimer: This is for personal...
USDCAD- 25Apr2022 On the daily, USDCAD bounced and closed back above the ascending trendline on the back of strong USD and oil price pulling back but it has yet to confirm further upside. It is currently at Ichimoku + 1st Resistance at 1.27315. If price can confirm above the ascending trendline today, daily triangle target downside will be invalidated. On the...
EURUSD- 25Apr2022 On the weekly/daily, EURUSD is still holding above recent lows at 1.07480. Will EUR follow the same path down as GBP? On the H4, price is consolidating at the lows. Price is mixed and we will need to wait out for further indication. This is for personal work record purposes only, not trade / financial advise or solicitation of trade.