MarketBreakdown | EURUSD, BITCOIN, SILVER, EURNZD

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

1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
The market is trading within a wide horizontal range on a daily.
The price nicely respected its support and the yesterday's FED
decision to keep the interest rates will most likely push the prices
higher to the upper boundary of the range.

2️⃣ #Bitcoin daily time frame ₿
BTC set a new higher high higher close on a daily,
violating a local daily horizontal resistance.

Taking into consideration that the market is trading in a bullish trend,
such a violation may trigger a further bullish continuation.

3️⃣ #EURNZD daily time frame 🇪🇺🇳🇿
After a strong bullish wave, EURNZD was consolidating for some time
within a narrow horizontal range on a daily.

The support of the range looks broken.
It will most likely push the prices lower.

4️⃣ Silver (#XAGUSD) daily time frame 🪙
One more range. We see a positive bullish reaction to its horizontal support.
We can anticipate a bullish continuation to the resistance of the range now.

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Bình luận:

EURUSD reached the target, while EURNZD successfully closed below a horizontal support.