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It’s the mother of all markets, making all other types of trading possible. Every three years the Bank of International Settlements releases its survey of foreign exchange and OTC derivatives markets.
A world of Trading assets

03/03/2021 Market Analysis

Authored by TD Markets
03.03.2021
Market Analysis
0
1 min

BTCUSD (Bitcoin)

BTCUSD looks set to breakout out of the descending counter-trendline as it has been making a series of higher highs and higher low. An aggressive break and close above the trendline will indicate a continuation of the bullish trend.

USDJPY:

USDJPY broke and closed below the bottom of the channel, and currently the momentum to the upside seems to be slowing down hence the bearish flag developing. A breakout of the flag will push the market lower.


XAUUSD (GOLD):

Yesterday's daily candle on GOLD closed bullish with signs of bullish pressure. A daily engulfing candle will confirm the bull momentum and a reversal to the upside.

Authored by TD Markets
03.03.2021
Market Analysis
0
1 min

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