Short

MarketBreakdown | EURUSD, USDCAD, NZDUSD, USDCHF

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

1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸

EURUSD formed a huge head and shoulders pattern.
The price is currently testing its horizontal neckline.
Bearish breakout of that and a daily candle close below
will confirm a bearish reversal and push the prices lower.

2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦

The price is breaking a solid falling trend line.
Its violation is an important bullish signal that
indicates a strength of the buyers.

We can expect even more growth.

3️⃣ #NZDUSD daily time frame 🇺🇸🇳🇿

The pair is consolidating within a horizontal range.
The price is going to reach its support soon.
I suggest looking for a pullback trade from that then.

4️⃣ #USDCHF daily time frame 🇺🇸🇨🇭

The price is stuck within a horizontal parallel channel.
I expect a bullish continuation within that and a test
of its upper boundary.

Then, look for a confirmation to see and try to catch a retracement from that.

Do you agree with my market breakdown?

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VasilyTrader

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VasilyTrader

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