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2021/10/26 Market Analysis

Authored by TD Markets
26.10.2021
Market Analysis
0
2 min

AUDNZD

AUDNZD has broken above the range and formed a higher low. On the higher timeframe the market is testing the 50.0 fib level of the bullish impulse wave and as such, traders are bullish in this market. A break above 1.04800 will confirm momentum to the upside.

NATGAS: (update)

NATURAL GAS aggressively rallied up and hit the target. Traders are still bullish with an overall target of 6.50. A retest of the 5.80 price level could alert traders for a continuation to the upside.

USOIL: (update)

USOIL is in an aggressive bullish trend however, the market is forming an ascending channel which indicates the market is forming a retracement to the downside. Even though traders are bullish, some would want to take advantage of the short-term push to the downside before the uptrend resumes. An aggressive break below the channel will confirm the retracement.

Authored by TD Markets
26.10.2021
Market Analysis
0
2 min
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