EURCAD

EURCAD is within a descending channel structure and is approaching support. Structurally the market failed to break the low at 1.41600 after forming a higher high at 1.45500. These are signs for a possible bullish reversal and traders are keeping a close eye for a rejection on the support zone or an aggressive breakout from the channel

GBPNZD

GBPNZD bears are currently in charge as seen by how aggressive the market broke below the ascending trendline. A support zone has formed at 1.99730 however traders are still bearish. An aggressive break below the support will see the market continue the bearish leg

SPX500

SPX500 has formed a higher higher after rejecting the bottom of the structure as well as completing the channel to the downside. The overall bullish structure on the daily timeframe aligns with the H4 structure which provides clear bullish direction. A retracement to the support zone will trigger long positions.