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2022/01/31 Market Analysis

Authored by TD Markets
31.01.2022
Technical Analysis
0
2 min

AUDJPY

AUDJPY is currently rejecting the support zone as well as the support trendline. Structurally the market is forming a descending channel and has not broken structure to the upside. Traders are anticipating a bullish leg once the market breaks and closes above structure.

CADCHF

CADCHF recently bounced from the support trendline and is preparing for a bullish leg. Structurally the is still in a daily bullish structure, traders are keeping an eye and looking for bullish setups. Currently the market is testing the minor resistance zone, A break and retest will confirm a continuation to the upside. 

GBPAUD

GBPAUD is at the daily resistance zone. The whole daily structure to the upside is corrective and is currently preparing for a bearish leg. Traders are waiting for a bearish reversal confirmation before looking for short opportunities.

Authored by TD Markets
31.01.2022
Technical Analysis
0
2 min
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