Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
EURUSD looks heavily overbought after a recent strong bullish rally. The price started a correctional movement and broke a solid rising trend line. I think that the pair will continue the correction to lower levels.
2️⃣ EURJPY daily time frame 🇪🇺🇯🇵
I see a classic bearish accumulation pattern - a descending triangle formation. Bearish breakout of the neckline of the pattern and a daily candle close below that will be an important event that will most likely trigger a strong bearish reaction.
Alternatively, a bullish breakout of a trend line can be a strong bullish signal
3️⃣GBPCAD daily time frame 🇬🇧🇨🇦
The price formed an inverted cup & handle pattern after a test of a key daily horizontal resistance.
A breakout of the neckline of the pattern signifies a highly probable continuation of a retracement from the underlined read area.
4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿
I see a confirmed breakout of a neckline of a huge descending triangle formation. The broken structure and a falling trend line compose a contracting supply zone now.
I will expect a bearish movement from that to lower structure levels.