MarketBreakdown | AUDUSD, USDCHF, EURGBP, GBPCAD

30 Sep

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

1️⃣ #AUDUSD weekly time frame 🇦🇺🇺🇸

The market opening is very bullish for the pair.
We see a breakout attempt of a major horizontal weekly resistance.

If a weekly candle closes above the underlined blue area,
it will open a potential for much more growth.

2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭

The market is currently consolidating within a relatively wide horizontal
parallel channel. The price is currently approaching its support.

With a high probability, a consolidation will continue, and we will see a bullish movement from that.

3️⃣ #EURGBP daily time frame 🇪🇺🇬🇧

The price violated a significant daily/weekly horizontal support last week.
Because the pair is trading in a long-term bearish trend,
such a violation indicates the strength of the sellers
and a highly probable bearish continuation.

4️⃣ #GBPCAD daily time frame 🇬🇧🇨🇦

The market is trading in a strong bullish trend.
Currently, we see a breakout attempt of the resistance based on a current high.
If a daily candle closes above that, it will confirm a bullish continuation.

Do you agree with my market breakdown?

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