Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #USDCAD daily time frame 🇺🇸🇨🇦
The pair is currently testing a significant daily structure resistance. The intraday price action looks bearish at the moment. I think that the pair may start a correctional movement from the underlined blue area.
2️⃣ #NZDUSD daily time frame 🇳🇿🇺🇸
The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs.
I think that we may see a correctional movement/pullback soon.
3️⃣ #WTI CRUDE OIL daily time frame 🛢️
Crude Oil updated a low on a daily, violating a key horizontal support. It confirms the strength of the sellers.
The market may keep trading in a bearish trend within the boundaries of the underlined channel.
4️⃣ DOLLAR INDEX #DXY daily time frame 💵
We see a nice correctional movement after a strong bearish impulse. The market is currently trading within a bearish flag pattern. Bearish breakout of the support of the flag will be a strong bearish trend-following signal.
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