A recent break above the falling structure was made by CHFJPY. Due to this, the price set higher highs and lower lows, resuming the general optimistic market. Read about our team's in-depth research, which buyers might find to be very intriguing.

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The CHFJPY Performance

CHFJPY bullish market continues.

CHFJPY recently broke above the descending structure. This caused the price to create higher highs and higher lows and to resume the overall bullish market.

At the moment the market is forming an impulse wave and trading above the previous high which is the price action that traders are looking for to confirm bullish momentum.

As such, traders are waiting for a corrective pattern to identify trading opportunities to the upside.

The NAS100 Performance.

NAS100 is trading in between a resistance and a support zone. A descending structure is forming as seen by the 2 highs and a low. According to this structure formation, the market has to create another low which is lower than the previous one in order to confirm a descending structure.

Therefore, traders are looking for short-term trading opportunities to the downside.

The GOLD Performance

(UPDATE) - GOLD is trading at the bottom of the ascending channel.

Traders are now keeping a close eye on GOLD as it is back at the bottom of the channel. The previous daily timeframe candlestick indicates pressure from the buyers and is further confirmed by the previous structure (support zone).

On the lower timeframe, a descending channel is forming. According to this price action, traders are bullish. As such, an aggressive break and close above the descending channel will most like see a push up to 1866.00.

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