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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

2021/04/21 Market Analysis

Authored by TD Markets
21.04.2021
Market Analysis
0
1 min

AUDCHF

AUDCHF formed a bearish leg which slightly extents the setup. The bearish leg forms part of a correction, as such the momentum is still bullish. An aggressive rejection on the support zone or trendline will see the market pushing higher.

ETHUSD

ETHUSD bounce twice on the demand zone which looks set to continue to the upside and form new highs. A break and close above the counter-trendline should be the confirmation.

GBPAUD

GBPAUD also formed a bullish leg which didnt change the setup. The retracement seems to be extended. A rejection on the resistance should see the market break and close below the counter-trendline for a push to the downside.

Authored by TD Markets
21.04.2021
Market Analysis
0
1 min

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