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2021/07/22 Market Analysis

Authored by root
22.07.2021
Market Analysis
0
1 min

AUDNZD: (update)

AUDNZD has been ranging in the past few sessions and this morning traders are seeing bullish momentum. The structure hasn't changed. Traders are awaiting a break and close above structure for bullish confirmation.


EURCAD:(update)

EURCAD pushed down in the last 24 hours as it broke below the 61.8 fib. The setup slightly changed but the direction has not been invalidated. Now the market is testing the neckline of the daily structure. An aggressive rejection will confirm the move to the upside.


USDJPY: (update)USDJPY broke and closed above structure as well as the 61.8 fib level. At this point the setup might have been invalidated as traders are waiting for a breakout either to the upside or downside to indicate where the market will go.

Authored by root
22.07.2021
Market Analysis
0
1 min

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