MarketBreakdown | WTI OIL, GOLD (XAUUSD), USDJPY, EURAUD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ WTI Crude Oil - 3 days time frame 🛢️
Very surprisingly WTI broke the year's high yesterday.
It looks like buyers are willing to push much higher.
The next historical highs to watch:
85.0
90.0
For buying, I would wait for a pullback first.
2️⃣ Gold (XAUUSD) - Daily time frame 🥇
Gold broke and closed above a resistance line of a falling wedge pattern.
This morning we see its retest.
Chances are high to see a bullish reaction soon.
Closest resistance - 1780
3️⃣USDJPY - 3 days time frame 🇺🇸🇯🇵
Yen dropped to a major supply zone.
110.45 - 110.8 is the area to look for buying opportunities.
Taking into consideration that the pair is trading in a bullish trend,
probabilities are on the bulls' side for now.
4️⃣EURAUD - 3 days time frame 🇪🇺🇦🇺
The market is trading in a bullish trend.
Reaching 1.643 structure high, the pair is retracing.
Ahead is a major confluence zone:
we see a perfect match between a major rising trend line and horizontal structure support.
From that confluence point, a bullish move will be expected.
❤️Please, support this idea with like and comment!❤️
✅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.