MarketBreakdown | GBPUSD, USDCHF, USDCAD, AUDCAD

14 Mar 2022

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!❤️

15 Mar 2022

Catatan

Check my new idea on AUDCAD: