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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 16/09/2022


AUDNZD

AUDNZD for the past 3 days has been trading in a range with no indication of what the next possible move is.

Now the price is at the lower level of the lateral channel, if the price fails to break below this level at 1.12102, we may see a return to the higher level at 1.12592.



XAUUSD

Gold was trading in a 15-day range, the drop in price broke below that range and formed a tentative trend line. If gold respects this trend, we may see the price fall further, but for now we may see a corrective move up to the trend line or the 1691.458 level.

Lockheed Martin Corporation

LMT has had a valid downtrend since mid-August. Price now seems to have found support at the 412.98 level. If the price fails to break below this level and stays below it, we may see a fluctuation until near the trend line.



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