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

2021/11/22 Market Analysis

Authored by TD Markets
22.11.2021
0
1 min

CADJPY

CADJPY is testing a support zone. This comes after the market rejected the top of the Daily timeframe structure and traders anticipate a massive drop. A break and close below the support will alert traders and confirm further downside momentum.

CHFJPY: Similar to CADJPY, CHFJPY has the same structure from the higher timeframe and traders are bearish. At the moment the market is testing the support zone and a break and close below the zone will confirm further downside momentum


XAUUSD: (update)

GOLD broke below the structure as per the previous commentary. Now a new structure is developing as seen by how the market forms the highs and the lows. An aggressive break and close above the flag will confirm more bullish momentum.

Authored by TD Markets
22.11.2021
0
1 min
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