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

2021/08/16 Market Analysis

Authored by TD Markets
16.08.2021
Market Analysis
0
1 min

AUDUSD

AUDUSD failed to create a higher high as it pushed back down to the lows. Overall momentum seems to be bearish, as such, a break and close below the support will see the market dropping back to the daily low.

EURNZD

EURNZD broke and closed above the descending trendline as well as the demand zone. Traders are anticipating the market to continue the rally to the resistance zone.

GBPUSD

GBPUSD has been creating lower lows and lower highs. At the moment the market rejected the supply zone which indicates more downside momentum.

Authored by TD Markets
16.08.2021
Market Analysis
0
1 min

latest news

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