MarketBreakdown | GBPUSD, USDCHF, USDCAD, AUDCAD
Updated
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ GBPUSD - 3 days time frame 🇬🇧🇺🇸
The market keeps falling. The pair set a new lower low and it looks like a further decline is expected.
The closest support to watch is a lower boundary of an expanding wedge pattern where the price is stuck at the moment.
2️⃣ USDCHF - Weekly time frame 🇺🇸🇨🇭
The pair is trading within a horizontal wide weekly range.
The price is very close to its upper boundary.
Its bullish breakout will trigger a strong bullish movement.
3️⃣ USDCAD - 3 days time frame 🇺🇸🇨🇦
The market is trading within a classic bullish accumulation pattern.
I believe that soon its resistance will be reached.
Very bullish bias.
For buying consider a retest of a major rising trend line
or a bullish breakout of major horizontal resistance.
4️⃣ AUDCAD - Weekly time frame 🇦🇺🇨🇦
The price recently broke a resistance line of a major falling expanding wedge pattern.
It looks like soon we will see its retest.
From that look for a confirmation to buy the pair catching a swing move up.
❤️Please, support this idea with a like and comment!❤️
Note
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