Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GOLD #XAUUSD 4H time frame 🥇
I see some clear signs of bullish accumulation on intraday time frames.
The price formed an ascending triangle pattern.
Its neckline represents a significant resistance.
Its violation and a 4H candle close above will provide
a strong bullish confirmation signal.
A growth to higher structures will be expected then.
2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
Do not forget that today is the official banking holiday in Canada.
For that reason, CAD pairs might be slow.
USDCAD is currently consolidating within a narrow range on a daily.
I believe that for now, a consolidation is likely to continue.
3️⃣ #GBPNZD daily time frame 🇬🇧🇳🇿
The price successfully violated a falling trend line - a
strong vertical resistance last week.
We see a strong bullish reaction to that after its retest.
I believe that the pair will continue growing, it will likely
test a current high first and violate that, setting a new one then.
4️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵
The pair is trading in a strong bullish trend on a daily.
The price is texting a significant support cluster at the moment,
probabilities will be high that a growth will resume from that.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.