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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

2021/03/17 Market Analysis

Authored by TD Markets
17.03.2021
0
1 min

USDMXN


USDMXN is back at the support zone and there are 2 possibilities here; either the market will break and close below the zone to continue downside or a rejection which will push to the previous H4 high to form an advanced corrective pattern before a continuation to the downside. On all cases the market seems bearish.

LTCUSD:


LTCUSD has rejected the support zone aggressively and forms a bull flag which indicates short-term bullish momentum. A break and close above the counter-trendline should see a short-term bullish wave.

GBPUSD:


GBPUSD aggressively rejected the support zone as well as the bottom of the channel. A break and close above the resistance zone should continue the momentum to the upside.

Authored by TD Markets
17.03.2021
0
1 min

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