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2021/11/16 Market Analysis

Authored by TD Markets
16.11.2021
Market Analysis
0
2 min

CHFJPY: (update)

CHFJPY has broken structure to the downside. This will surely alert traders for a bearish continuation. Since the market formed an aggressive bearish impulse wave from 125.220, there could be a bigger corrective structure between 124.480 and 123.250 but in all cases, traders still remain bearish in this market.

EURGBP: (update)

EURGBP aggressively broke the ascending trendline. The bullish setup is still valid. At the moment the market is back at the demand zone and traders are still looking for buy signals. An aggressive break and close below the zone will invalidate the overall bullish setup.

NATURAL GAS: (update)

Nothing has changed in the structure and setup that NGAS is forming. The market has been trading in between $4.77 and $5.23 price levels. Traders are keeping a close eye on the current market price zone for an aggressive break and close above $5.23 to confirm bullish setups.

Authored by TD Markets
16.11.2021
Market Analysis
0
2 min
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