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

2022/01/10 Market Analysis

Authored by TD Markets
10.01.2022
0
2 min

GBPAUD

GBPAUD is now trading at 1.88823 after rejecting the resistance zone around 1.89770. From the daily timeframe perspective the market is still above 1.88500. Historically there was excess selling around this zone and since history repeats itself, traders are bearish and expecting a push to the downside. An aggressive bearish impulse wave will confirm.


USDCHF

USDCHF has broken above all barriers and is preparing for a bullish leg. The 50.0 fib level is holding strong as well as the support trendline. The market is in a clear bullish trend and traders are targeting 0.92500.


XAUUSD

GOLD has formed a lower low since breaking below the ascending structure as well as the neckline. Currently the market is retesting the resistance before a push to the downside. A break below 1785.18 will see a bearish leg down to 1769.11

Authored by TD Markets
10.01.2022
0
2 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