02dec21
EURUSD- 02Dec2021EURUSD- 02Dec2021
On the H4 timeframe, prices could be playing out an inverse h&s with target at around 1.14630. As long as price hold above the neckline, we could expect EURUSD to bounce up to the target level in the coming days.
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 02Dec2021GBPUSD- 02Dec2021
On the H1, price tested 200MA yesterday.
On the H4 timeframe, prices are still in a descending wedge.
With RSI indicating negative bullish divergence, we could expect further upside once it breaks above the wedge.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 02Dec2021USDINR - 02Dec2021
On the daily, prices have broke above previous descending trendline and is now consolidating but it has not confirmed. We need to be cautious of the upside.
On the H4 timeframe, price bounced from the ascending trendline and is now above all MAs. But with the mixed signal from the daily, we need to be cautious from any upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 02Dec2021DXY - 02Dec2021
On the daily, price bounced higher from the 20EMA.
On the H4 time frame, prices could be potentially forming a h&s to move further down. Would have to wait and see whether the price close below neckline with confirmation.
This is for personal record purposes only, not financial advise or solicitation of trade.