A world of Trading assets

News and Insights

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

16/08/2022 Market Analysis

Authored by TD Markets
17.08.2022
Technical Analysis
0
1 min

AUDNZD

(update) - AUDNZD recently dropped +70 pips according to the last commentary. The market is currently in an impulsive phase to the downside. This further confirms to traders that the market is bearish and the recent continuation structure to downside will provide trading opportunities. Traders anticipate the market to create new lower lows.

USDCAD

USDCAD created a lower low and aggressively bounced to the upside. Recently the market broke above the previous high and is currently forming a bullish continuation structure. Traders anticipate a continuation to the upside and as such, will wait for the correction to complete before looking for trading opportunities.

GOLD

GOLD recently rejected the top of the descending structure as well as the ascending inner channel and broke below the previous low. At the moment the market is forming a bearish continuation pattern. This will confirm further downside momentum and traders are now looking for bearish trading opportunities.

Authored by TD Markets
17.08.2022
Technical Analysis
0
1 min
TD Markets

Africa’s Favourite broker

TD Markets provides you with access to the industry leading platform, Metatrader 4. This platform, easily accessible from any device, facilitates your trading experience by offering numerous tools, including indicators, expert advisors and open source algorithmic trading scripts.
Why TD Markets