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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.
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2021/04/16 Market Analysis

Authored by TD Markets
16.04.2021
Market Analysis
0
1 min

BTCUSD didnt break and close above the resistance but instead formed a bearish correction which indicates the market is likely gonna drop. A break and close below the support will drop the market.


EURNZD

is rejecting the support as well as the 61.8 fib level. A break and close above the previous high should confirm upside momentum.

GBPNZD

GBPNZD is currently testing the support zone and trendline where there are 2 possible scenarios; An aggressive rejection followed by a bull flag will likely reverse to the upside or an aggressive break below the support followed by a bear flag should drop the market further.

Authored by TD Markets
16.04.2021
Market Analysis
0
1 min

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