MarketBreakdown | EURUSD, USDCAD, USDJPY, SILVER

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snapshot

Here are the updates & outlook for multiple instruments in my watch list.

1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸

The pair is now consolidating within a wide horizontal range.
We see a test of its support now.
Probabilities will be high, that a bullish movement will follow from that.

2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦

The pair is positioned strongly bullish,
respecting a solid rising trend line after a pullback.

With a high probability, growth will continue.

3️⃣ #USDJPY daily time frame 🇯🇵🇺🇸

Similarly to EURUSD, the pair is consolidating.
The price is trading in the middle of the horizontal
parallel channel.

With a high probability, it will start growing soon
and reach the resistance of the range.

4️⃣ #SILVER #XAGUSD daily time frame 🪙

The price has recently updated a local high, breaking
a significant horizontal resistance cluster.

We see its retest now. There is a great chance that
the market will cotinue rising soon.

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