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2021/10/15 Market Analysis

Authored by TD Markets
15.10.2021
Market Analysis
0
1 min

AUDNZD: (update)

AUDNZD has rejected the daily resistance zone and broke below the ascending trendline. Traders anticipate more downside as this is the more they were anticipating according to the daily timeframe structure. Any more bearish setups will confirm further downside movement.

EURCHF: (update)

EURCHF is still stuck at the support zone but structurally the market is forming a descending structure on the lower timeframe which indicates a push to the upside is coming. An aggressive break above structure and trendline will signal a change in momentum.

NATURAL GAS: (update)

NGAS has broken structure to the upside and is currently retesting the descending trendline. The overall momentum is bullish and traders are expecting a bounce on the trendline and a further push to the upside. 

Authored by TD Markets
15.10.2021
Market Analysis
0
1 min
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