MarketBreakdown | WTI OIL, NZDUSD, US100, EURJPY

7 nov 2022

Here is a brief technical outlook for 4 instruments in my watch list.

1️⃣ WTI Crude Oil 🛢️
After a long-lasting bullish accumulation within an ascending triangle, the market broke
its resistance on Friday.

It looks like the market will keep growing.

2️⃣ NZDUSD 🇺🇸🇳🇿
The pair is very bullish since the middle of October.

The price is currently approaching a local high.
If the market breaks and closes above that, a bullish continuation will be expected to 0.6 level.

3️⃣ US100 (NASDAQ) Index 📈
After a three-weeks-long consolidation within a horizontal range,
the market broke its support to the downside and closed below that.
Now the market is retesting that.

I believe that a bearish move will initiate soon.

4️⃣ EURJPY 🇪🇺🇯🇵
The pair is very close to a recently broken major rising trend line.
With a high probability, we will see a bearish reaction from that,
Pay close attention!

Do you agree with my market breakdown?

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