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2021/08/05 Market Analysis

Authored by TD Markets
05.08.2021
Market Analysis
0
1 min

CHFJPY

CHFJPY bulls are back. Yesterday's price action was a little choppy however the bulls are still in the market. Market broke above resistance zones and as such, momentum is clear to the upside.


USDMXN

USDMXN has aggressively created an impulse to the upside causing the market to form a higher. A break above the resistance should see more upside strength.


XAUUSD: (update)

GOLD has been failing to create higher highs upon rejecting the support. Traders are keeping an eye on the support zone as it seems to be getting weak. A break and close below the zone should signal short-term bear strength

Authored by TD Markets
05.08.2021
Market Analysis
0
1 min

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