MarketBreakdown | EURUSD, EURAUD, EURCHF, SILVER (XAGUSD)
Hey traders,
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ EURUSD 4h time frame🇪🇺🇺🇸
The pair is currently consolidating within a horizontal intraday range on 4H.
For now, I believe that the price will keep trading within that.
A bullish breakout of the range will be a strong bullish signal.
After a breakout, the market will most likely go much higher.
2️⃣ EURAUD daily time frame 🇪🇺🇦🇺
Buyers are finally pushing.
At the moment, we see a breakout attempt of a key daily horizontal resistance and a falling resistance of a bullish flag.
If the price closes above them both on a daily, a strong bullish continuation will be expected.
3️⃣ EURCHF daily time frame 🇪🇺🇨🇭
The market has nicely corrected this week.
Ahead, I see a major rising trend line on a daily.
Probabilities will be high that a strong bullish reaction will follow from that.
4️⃣ Silver (XAGUSD) daily time frame 🪙
Silver keeps coiling.
The pair is currently stuck within a wide horizontal range on a daily.
The next bullish wave will be expected only after a bullish breakout of its resistance.
Alternatively, a bearish breakout of its support will push the market much lower.
Do you agree with my market breakdown?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.