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06apr22

EURUSD- 06Apr2022EURUSD- 06Apr2022 On the daily, EURUSD dropped back to channel trendline + 78.6% Fib support. If price breaks this level, it will go back down to retest 1.08130. On the H4, price invalidated the previous inverse h&s by dropping below the neckline. Price action and MAs are bearish while both H4 Stochastic & RSI are at support. If price close below 78.6% Fib at 1.08870, we could expect EURUSD to retest the lows. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
USDINR - 06Apr2022USDINR - 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 bounce first before going lower. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
1
DXY - 06Apr2022DXY - 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 Wave 5-(2) correction completed and Wave 5-(3). With H4 Stochastic is at resistance, further upside might be limited. If price pull back deep enough, Wave (1) & (2) have to be adjusted back earlier. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS
USDMYR - 06Apr2022USDMYR - 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 back, this target can be achieved within these few days. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USDPHP - 06Apr2022USDPHP - 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 1st Resistance at 51.45. If it continues to bounce, it would face bearish pressure from daily resistance at 51.69. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS