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A world of Trading assets

2021/10/21 Market Analysis

Authored by TD Markets
21.10.2021
0
2 min

EURCHF

EURCHF has completed a bearish corrective structure and is currently forming an impulse wave to the downside. According to the structure, traders anticipate the market to form new lower lows. Currently the market is testing the support zone however, a break and retest will alert traders and confirm further downside movement.

XAUUSD (GOLD)

GOLD is forming a correction and currently rejecting the neckline. The overall structure indicates momentum is bearish and according to this current structure, traders anticipate the market to drop to the previous lows. An aggressive breakout to the downside will confirm further downside movement.

GBPUSD

GBPUSD is rejecting the top of the descending structure and traders are keeping an eye for a bearish continuation.  As long as the market is below 1.39800, the movement to the downside is still valid according to the structure. An aggressive break below the ascending channel will align the lower timeframes together with the daily timeframe and drop lower.

Authored by TD Markets
21.10.2021
0
2 min
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