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A world of Trading assets

2022/02/22 Market Analysis

Authored by TD Markets
22.02.2022
Technical Analysis
0
2 min

USDCHF:

USDCHF has been in a bearish run from 0.9271 and has broken the previous structure level. The overall LL, LH structure looks corrective especially after an aggressive rally to the upside. Traders are keeping an eye on the current market zones as well as the 78.6 fib level which is aligned with the previous structure level for any signs of reversal to the upside before looking for long opportunities.

AUDJPY:

AUDJPY has just rejected the bottom of the descending structure. Traders anticipate the market to continue the upside since the previous impulse wave is bullish. An aggressive break and close above the top of the structure will see the market continue to the upside and form new higher highs.

GBPNZD:

GBPNZD is currently testing the support zone. The descending trendline is providing resistance and traders anticipate the support to be broken if the trendline still holds firm. A break and retest of the support will provide trading opportunities to the downside.

Authored by TD Markets
22.02.2022
Technical Analysis
0
2 min
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