USDTRY- 29Dec2021USDTRY- 29Dec2021
On the H4 timeframe, price is holding the 11.60 level. As long as price is above 10.83 on H4, we could still expect a short-term bounce to 13.08 to occur. It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4.
This is for personal record purposes only, not financial advise or solicitation of trade.
29dec21
EURUSD- 29Dec2021EURUSD- 29Dec2021
On the H4 timeframe, price managed to close back above the lower wedge trendline and 200MA. If the price can close above 1.13445 on the daily, we could expect further upside for EURUSD .
This is for personal record purposes only, not financial advise or solicitation of trade.
GBPUSD- 29Dec2021GBPUSD- 29Dec2021
On the H4 timeframe, price is playing out inverse h&s with price target at 1.36100. With RSI indicating negative bullish divergence , we could expect price to pull back to 1st Support at 1.33375.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDINR - 29Dec2021USDINR - 29Dec2021
On the H4 timeframe, price is currently at daily/weekly support level. But it broke down from the important support level at 75.00 area yesterday. With Stochastic at support, we could expect USDINR to retest 1st Resistance at 75.022 before going down further.
There also seems to be a h&s in play with target around 74.20.
This is for personal record purposes only, not financial advise or solicitation of trade.