MarketBreakdown | GBPUSD, USDCAD, USDCHF, CRUDE OIL

7 Feb

https://www.tradingview.com/x/lf5HLAMx/

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

1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸

The price is currently approaching an expanding supply area
that is based on a broken horizontal support and a broken rising trend line.

Probabilities will be high that we will see a bearish reaction to the underlined blue area.

2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦

The market has recently broken a major falling trend line.
We see its retest now.
We may anticipate a bullish movement from that.

3️⃣ USDCHF daily time frame 🇺🇸🇨🇭

The pair broke and closed above a solid falling trend line.
The last resort for sellers is a key horizontal resistance.
If the market breaks and closes above that, a bullish reversal will confirmed.

4️⃣ WTI CRUDE OIL daily time frame 🛢️

The price nicely respected a rising trend line that I shared with you earlier.
I think that we may expect a bullish continuation from that.

Do you agree with my market breakdown?

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