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A world of Trading assets

2022/03/01 Market Analysis

Authored by TD Markets
0
2 min

EURGBP:

EURGBP has struggled to show momentum to the upside and has been corrective since rejecting the demand zone. Structurally the momentum seems to be bearish and recently traders saw a break and close below the ascending trendline. At the moment the market is trading at the support. Traders are waiting for a break and close below the support before looking for shorting opportunities.

USDJPY:

USDJPY has aggressively broke below structure as well as the ascending channel. Traders anticipate more downside momentum and will start to look for shorting opportunities once the market breaks the counter-trendline.

AUDNZD:

AUDNZD has rejected the weekly 88.6 fib level and broke below the ascending structure. From the weekly timeframe perspective, the market has completed the bearish Bat harmonic price pattern and traders anticipate a drop once the counter-trendline breaks to the downside.

Authored by TD Markets
0
2 min
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