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17jan22

USDINR - 17Jan2022USDINR - 17Jan2022 On the weekly, price dropped to 50MA before bouncing back. On the daily, it is bouncing back to retest the 200MA where it is expected to face bearish pressure around 74.400 On the H1, price played out the triangle pattern perfectly to 74.2250. On the H4, with the consolidating taking place, there could be a possibility of bouncing up to daily resistance at 74.40 before facing bearish pressure. This is for personal record purposes only, not financial advise or solicitation of trade.
Short
by TTMFS
DXY - 17Jan2022DXY - 17Jan2022 On the daily / weekly, price dropped lower to previous breakout area at 94.525 and bounced back to the ascending trendline. If price can close back above this trendline, we could expect further bullish momentum for DXY. On the H4 time frame, priced is coming into 1st Resistance at 95.330. After forming 3 white soldier, it is expected for the price to pull back to 1st Support at 94.870 before further monitoring of the price action. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS