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

TD Markets Daily Market Commentary

Authored by TD Markets
20.01.2023
Technical Analysis
0
2 min

CADCHF.

(UPDATE) - Different price action forming on CADCHF. The market aggressively broke the previous structure low levels and is now trading at the support zone. This price action caused the market to create a head and shoulders pattern. According to market behaviour, traders anticipate a rally up to the neckline to complete the pattern. As such, traders are now looking for short-term trading opportunities to the upside.

EURNZD.

(UPDATE) - EURNZD aggressively dropped and spiked below the support zone around 1.67692 before pushing back above the ascending trendline. This price action has not changed the outlook as traders still anticipate a rally up to the resistance zone around 1.71230. A break above the counter-trendline will confirm a continuation to the upside.

US30.

(UPDATE) - US30 is now consolidating after a huge drop from the supply zone. Traders still anticipate a continuation down to the support zone around 32480.00. As such, an aggressive break below the consolidation will confirm bearish momentum. 

Authored by TD Markets
20.01.2023
Technical Analysis
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