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A world of Trading assets

2021/11/25 Market Chat

Authored by TD Markets
25.11.2021
Market Analysis
0
2 min

CADJPY: (update)

CADJPY is still in a steady downtrending structure since the bounce from the top of the daily structure. From the bigger timeframe perspective, the current bearish trend is the last leg of the overall structure which simply means there is a good chance that traders will see the market pushing down till the next year. More bearish continuation structures will confirm further downtrend movement.

NAS100

NAS100 aggressively dropped and broke below the ascending channel. At the moment the market is in the middle of the structure which means it can either continue pushing up or down. Traders are waiting for either bullish or bearish confirmation to be able to create a trading plan.

US30

US30 rejected the support zone 3 times and is now forming an aggressive push to the upside. Traders are keeping a close eye on the trendline for either a bullish breakout or a rejection for bearish confirmation

Authored by TD Markets
25.11.2021
Market Analysis
0
2 min
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