A world of Trading assets

News and Insights

It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

2021/10/14 Market Analysis

Authored by ZanderVanDerMerwe
14.10.2021
Market Analysis
0
2 min

AUDNZD: (update)

AUDNZD is stuck on the daily resistance zone and the 61.8 fib level. The H4 ascending trendline has been broken and a lower low has been created. Traders anticipate a push to the downside and are waiting for further bearish confirmation and will start looking for setups. 

NATURAL GAS: (update)NGAS has rejected the ascending trendline and is currently breaking above the counter-trendline. This further confirms a bullish leg to take out the previous highs.

USDJPY

USDJPY has extended its bullish leg as well as the overall structure, as such, traders are keeping an eye on the current market price as the market is back at the top of the structure. The daily stochastic indicates the market is overbought which further confirms a reversal that is coming. Price action will be key around these areas and traders are looking for bearish confirmations.

Authored by ZanderVanDerMerwe
14.10.2021
Market Analysis
0
2 min
TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets